Reach obtains planning permission granted for Clay Cross Biomass
REACT, the renewable energy developer and operator focusing on the production of clean energy in the UK and Ireland, recently announced that, further to the company’s announcement on 7 April 2016, the Regulatory Planning Committee of Derbyshire County Council voted in favour on 11 April 2016 to approve the construction and operation of an energy recovery facility at Clay Cross in Derbyshire by Clay Cross Biomass Limited, a company in which REACT has a 90% interest.
Clay Cross anticipates utilising EQTEC Integrated Biomass Gasification Technology, the same technology that the Company is installing at its Newry biomass gasification project in Northern Ireland, to power the plant as part of a Engineer, Procure and Construct (EPC) contract for the construction of the Facility.
Once commissioned, the facility is expected to convert approximately 80,000 tonnes per annum of construction and demolition (C&D) waste wood which is currently sent to landfill to generate up to 12MW of electrical energy, sufficient to provide electricity for over 18,000 homes, and up to 14MW of thermal energy per annum.
The company is currently in discussions to secure finance for the construction of the Facility and estimates that it will take approximately 18 months from obtaining finance to the final commissioning of the plant.
Further announcements in respect of the facility will be made by the company as and when appropriate.
Country news
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April 22, 2016
DEME Concessions invests in tidal developer Atlantis
Atlantis, has agreed to sell a minority stake in Atlantis’s Scottish tidal development company, Tidal Power Scotland Limited (TPSL) to DEME for cash consideration, subject to satisfaction of certain conditions precedent (including procurement of third party consents and agreement with DEME of commercial arrangements in relation to offshore construction works). Read more -
April 18, 2016
Foresight reaches financial close on construction of 499kW AD plant at Mapledurham Estate, Berkshire
Private equity investment manager Foresight Group announced last week the investment of £3.5 million from Foresight AD EIS Fund to construct an Anaerobic Digestion (AD) plant on the Mapledurham Estate, near Reading in Berkshire (UK). Read more -
April 13, 2016
National Australia Bank refinances debt of Cubico’s portfolio
National Australia Bank (NAB), one of the four largest financial institutions in Australia, has refinanced Cubico’s £125 million UK renewables portfolio. Read more -
April 13, 2016
Ofgem tenders OFTO for the Burbo Bank Extension project
Ofgem,l the government regulator for gas and electricity markets in Great Britain, has launched a tender process to appoint an Offshore Transmission Owner (OFTO) for the Burbo Bank Extension (BBW02) Offshore Wind Farm. Read more -
April 05, 2016
Foresight Solar Fund announces new acquisition long-term financing facility
Foresight Solar Fund Limited has recently announced that it has reached financial close on a £160 million (US$200 million) long-term debt facility. Read more
