Greencoat invests in 40 MW Templeborough biomass project in Rotherham
Greencoat Capital has signed an agreement to acquire 100% of Templeborough Biomass Power Plant Ltd (TBPP) from Copenhagen Infrastructure Partners (CIP).
The investment is being made on behalf of a number of Greencoat Capital’s pension fund clients.
TBPP owns a waste wood biomass plant in Rotherham, UK which commenced operations at the beginning of 2019. It has a net capacity in excess of 40 MW, generating low carbon electricity using locally sourced waste wood. The plant’s capacity is sufficient to power 78,000 homes and offset 150,000 tonnes of CO2 per year.
Development and construction of the asset was financed by CIP through its CI-II fund, stewarding the project from planning stages in 2015 to commercial operations in 2019.
Rothschild & Co and Mirae Asset Daewoo Co., Ltd. acted as financial advisers to CIP, while Evercore, Poyry and Eco2 advised Greencoat.
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