Copenhagen Infrastructure Partners (CIP) is pleased to announce that Templeborough Biomass Power Plant, with a capacity of 42 MW, has successfully commenced commercial operations on February 28, 2019.
Templeborough Biomass is located in Rotherham, South Yorkshire, UK and produces renewable power with locally sourced waste wood as fuel. Templeborough Biomass will operate under the Renewables Obligation Certificate (ROC) regime for power.
“We are pleased to have achieved commercial operations, which is an important milestone. Construction was more challenging than expected however, we have always had a good cooperation with our EPC-contractors, advisors, authorities and the local community. They have all contributed to the successful completion of the project. We are delighted to see renewable power being generated based on locally sourced waste wood, and we look forward to a continued good cooperation with our project partners and the local community in the operations phase,” says Christina Grumstrup Sørensen, Senior Partner at CIP.
The EPC contractors are Babcock & Wilcox Vølund and Interserve, and Babcock & Wilcox Vølund will continue as the O&M contractor.
Templeborough Biomass is fully owned by Copenhagen Infrastructure II (CI II), a fund managed by Copenhagen Infrastructure Partners. CI II has invested approximately GBP 160m equity in Templeborough Biomass, which has no third-party debt.
The plant capacity of 42 MW will be sufficient to serve roughly 78,000 homes and offset 150,000 tons of CO2 per year. The project has created the equivalent of more than 250 full time jobs during the construction phase and 26 jobs will permanently be established on site to operate the plant for its lifetime of more than 20 years.
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.