Greenvolt, Equitix acquire Tilbury Green Power biomass plant

Greenvolt - Energias Renováveis, wholly owned by Altri, SGPS, and fund manager Equitix have acquired all shares in Tilbury Green Power Holdings in Essex.

Tilbury Green Power is the owner of a fully operational Burmeister & Wain Scandinavian Contractor (BWSC) and Aalborg Energie Technik (AET)-built 41.6 MW renewable energy waste wood-fired power facility in the Port of Tilbury, Essex. Ownership will be split between Greenvolt (51%) and Equitix (49%).

Tilbury Power Plant is located around 25 miles from central London and is strategically located to process waste wood for the area, with few alternatives in the vicinity. Its design is based on the unique AET Biograte and biomass boiler technology and plays a key role in meeting the UK’s climate objectives by providing renewable baseload capacity. The energy recovery from waste wood is a key element of the waste hierarchy and the circular economy framework.

“We are pleased to announce that following successful development, construction, and operation of the Tilbury Power Plant, we have divested our ownership of the power plant,” said Nikolaj Holmer Nissen, CEO at BWSC and Lars Kristensen, CEO at AET.

“We are happy that the new owners recognise the value of the power plant, as well as its future potential. This agreement will allow Greenvolt, together with Equitix, to solidify its position in the European renewable energy sector.

“We look very much forward to the future cooperation with Greenvolt and Equitix as the new owner and AET and BWSC as the operation and maintenance contractor.”

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