Danish joint venture generates electricity at UK renewable energy plant ahead of schedule

This week saw the new Snetterton Renewable Energy Plant generate its first electricity for the national grid nearly 2 months ahead of schedule, adding to the clean, green energy now being generated from renewable projects across the UK. 

On 14 December 2016 the Snetterton Renewable Energy Plant generated its first renewable electricity. The plant will steadily increase its electrical generation to 100% load over the next few days to 44MW meaning the straw fired plant will generate enough green electricity to supply 82,000 homes and save over 300,000 tonnes of CO2 every year.

In 2013 BWSC and Copenhagen Infrastructure I established a pioneering financial/industrial investor joint venture with the aim to create, own and run power plants. The company closed its first contract for the Brigg project in 2013 and the project entered commercial operation in January 2016. The second project is the Snetterton project where the investment decision was taken in November 2014.

The construction of the plant has already seen economic benefits delivered in the local area and across the region. At its peak nearly 300 people were working on the build phase of the project, also supporting local businesses through the purchase of equipment, materials and services.  Now the plant is moving into the operational phase the number of construction staff has reduced to around 150, with 30 new staff being employed for the O&M phase of the plant.

Colin Jones, Managing Director of BWSC East Anglia Ltd. says “We are delighted to see our first renewable power being generated and delivered to the national grid. After a complex construction period this is the moment we all look forward to as we manage the transition to a fully operational energy plant”. He went on to say “We also recognise the need to be a responsible business and work alongside all those in our community, throughout this period we have worked with the local community to ensure we cause as little disturbance as possible whilst supporting them to capture the economic benefits of having a major new business in their area”.

For further information, please contact:

Ulrikke Ekelund, PensionDanmark +45 2019 9238 or email: uek@pension.dk, web: www.pension.dk

Mette Mulipola, BWSC +45 48102302 or email: mknm@bwsc.dk, web: www.bwsc.com

Maria Permanand, CIP +45 70705151 or email: cip@cip.dk, web: www.cip.dk

Peter Sills, BWSC East Anglia Ltd. +44 7976 437 467 press@snettertonbiomass.com web: www.snettertonbiomass.com

Notes to Editors

Facts about the project:
Snetterton Renewable Energy Plant (Snetterton), which is located in Norfolk, in East Anglia, England, is based on Danish biomass energy technology supplied by BWSC under a turnkey EPC contract. Furthermore, BWSC is responsible for operation and maintenance of the plant under a 15-year O&M agreement. Snetterton is a primarily straw fueled plant and has a capacity of 44MW, corresponding to the total consumption of 82,000 households, and an estimated annual CO2 emissions reduction of 300,000 tonnes. The plant consumes in the region of 250,000 tonnes of straw per year which is sourced from farmers throughout the local region. The boiler of the plant has been supplied by the Danish high-tech company BWE.

Facts about the parties:

About PensionDanmark
PensionDanmark A/S (PensionDanmark) manages labour market pensions under collective and corporate agreements and health care products on behalf of 694,000 members in 25,300 businesses within the private and public sectors. PensionDanmark is owned by its customers, and profits belong entirely to the members. Premium income totalled DKK 12.1bn in 2015, and the members’ savings now total more than DKK 194bn. PensionDanmark currently has DKK 18bn invested in infrastructure and expects to invest a further DKK 8bn in infrastructure over the coming years.

About BWSC
Burmeister & Wain Scandinavian Contractor A/S (BWSC) is a Danish engineering and contracting company which develops, builds, operates and owns high-performance biomass, biogas and diesel power plants. The majority of the projects are supplied as turnkey plants, and BWSC has delivered more than 175 power plants to 53 countries worldwide with a total capacity of more than 3,500 MW. Currently, BWSC has ongoing activities in England, Northern Ireland, Lebanon, Mauritius, Sri Lanka and Kenya. BWSC generated revenue of DKK 1.8bn in 2014, and the current order book amounts to more than DKK 7bn and has more than quadrupled in the last 3 years. BWSC originates from the stationary engine division of Burmeister & Wain (B&W), which has built and installed diesel engines for power plants since 1904. BWSC was established as a separate specialist company in 1980 and was acquired by Mitsui Engineering and Shipbuilding Co. Ltd. in 1990.

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.