Copenhagen Infrastructure Partners has acquired 100% of the British biomass-fired power plant project “Brite” on behalf of the Copenhagen Infrastructure II fund, an investment amounting to DKK 1.6 bn.
The Brite biomass-fired power plant has a capacity of 39.3 MW and will be fired with waste wood sourced locally in the UK. The power plant is expected to be in operation by the spring of 2017.
A consortium of Babcock & Wilcox Vølund from Denmark and UK-based Interserve will construct the power plant, with Babcock & Wilcox Vølund also managing the subsequent operation and maintenance phase. The biomass is sourced from a long-term contract with Stobart Biomass Group.
The Brite project is located in Rotherham near Sheffield in the UK and has been developed by Brite Partnership North East.
“The Brite project is an attractive investment opportunity for CIP in a country with a well-established and stable regulatory regime. It fits very well with our strategy of developing projects benefitting from long-term contracts with strong industrial partners in order to deliver stable returns for our investors” says Christian T. Skakkebæk, Senior Partner.
About Copenhagen Infrastructure Partners
Copenhagen Infrastructure Partners P/S (CIP) is a fund management company focused on energy infrastructure including offshore wind, onshore wind, solar PV, biomass and energy-from-waste, transmission and distribution, and other energy assets like reserve capacity and storage. CIP has approximately 110 employees and offices in Copenhagen, Taipei, New York, Tokyo, Utrecht, and London.
CIP manages six funds and has more than EUR 8 bn under management. CI I, CI A I and CI A II have PensionDanmark as founding- and sole investor. CI II has 19 Danish and international institutional investors and CI III has 42 institutional investors from the Nordics, Continental Europe, the UK, Israel, Asia, Australia, and multi-lateral organizations e.g. EIB. CI NMF I has 15 investors from the Nordics and Continental Europe.
CIP was founded in 2012 by senior executives from the energy industry in cooperation with Pension Denmark.