Copenhagen Infrastructure Partners (CIP) is pleased to announce that the combined heat and power plant (CHP) Kent Renewable Energy, with a capacity of 27 MW, has successfully commenced operations.
Kent Renewable Energy is located in Sandwich, Kent and produces renewable heat and power which is delivered to nearby business and science park, Discovery Park, and to local power consumers connected to UKPN’s grid. Fuel is locally sourced wood supplied by EuroForest. The plant commenced commercial operations on September 13th, 2018 only 25 months after Financial Close and two months ahead of schedule, to specification and within budget. The EPC contractor BWSC has successfully led the construction and taken the plant into commercial operations with a very impressive safety culture with zero Lost Time Incidents. BWSC will continue as the O&M contractor.
“After a 25-month successful construction period this is the moment we have all been looking forward to. We are delighted to see renewable power and heat being generated and delivered to local customers based on locally sourced wood. We have completed yet another successful biomass project ahead of time and within budget in strong cooperation with local authorities and our business partners incl. BWSC, EuroForest and Discovery Park, and we look forward to the continued cooperation for the next 20 years or more of plant operations,” says Christina Grumstrup Sørensen, Senior Partner with CIP.
Kent Renewable Energy is majority-owned by Copenhagen Infrastructure II (CI II), a fund managed by Copenhagen Infrastructure Partners. CI II owns the plant together with BWSC and Estover Energy, who has developed the project. CI II has invested around GBP 150m equity in Kent Renewable Energy.
The plant capacity of 27MW will be sufficient to serve roughly 50,000 homes and offset 100,000t of CO2 emissions a year. The project has created the equivalent of more than 250 direct full time jobs during the construction phase and approx. 30 jobs will permanently be established on site to operate the plant for its lifetime of 20 years. Kent Renewable Energy will operate under the Renewables Obligation Certificate (ROC) regime and Renewable Heat Incentive (RHI) for power and heat respectively.
About Burmeister & Wain Scandinavian Contractor (BWSC)
BWSC is a Danish engineering and contracting company that takes a leading role in the development of Independent Power Producer (IPP) projects. BWSC builds and operates high-performance engine and boiler-based power plants, where the majority are supplied as turnkey plants. BWSC has delivered more than 180 power plants to 53 countries worldwide.
BWSC originates from the stationary engine division of Burmeister & Wain (B&W), which has built and installed diesel engines since 1904. BWSC was established as a separate specialist company in 1980 and was acquired by Japanese Mitsui E&S Holdings Co., Ltd. in 1990. BWSC has recently acquired the Danish boiler manufacturer Burmeister & Wain Energy (BWE) and thus secured its position as a leading energy company on the global market for small and medium-sized biomass power plants.
Estover develops & manages sustainable power and infrastructure projects from inception through financing, construction and operations. Since being founded in 2010 Estover has developed and financed over £375m of projects.
Euroforest is the UK’s largest independent provider of timber harvesting and marketing services. The Company has more than 50 years’ experience in maximizing returns for its clients throughout the UK. The Company now harvests in excess of 2.1 million cubic metres of timber every year which is approximately 15% of the entire annual British forestry production volume. Euroforest is owned and operated by a combination of private equity investors and company employees and is fully independent from any links with timber processors
About Discovery Park
Discovery Park in Sandwich, Kent is a global leader for science and enterprise with world class laboratories and exceptional office space. With more than 150 companies and over 2,400 people from established organizations to emerging start-ups in the fields of life science, pharmaceuticals, biotechnology, science and technology, we have a vibrant community of skilled professionals sharing knowledge and expertise. The site has a track record for drug discovery stretching back to the 1950’s and continues to lead the way in R&D from the search for new antibiotics to pioneering research across the life sciences; from developing new therapeutics and diagnostics to unlocking the full potential of immunotherapy and immuno-oncology.
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.