UK Green Investment Bank announces £11m investment in Welsh renewable energy plant

4th Oct 2013

The latest investment in increased bio-mass capacity announcement by Green Investment Bank (GIB) is great news for companies with large volumes of waste wood such as pallets.  Increased demand from wood burning generators means it makes more sense to process your waste wood by shredding or chipping.  We can talk you through the various options available for processing wood waste and reducing your disposal costs.
The UK Green Investment Bank (GIB) has today (30 Sep 2013) announced an investment by its fund, managed by Greensphere Capital LLP (Greensphere), to purchase and upgrade an operational biomass plant in Port Talbot, Wales.


The UK Green and Sustainable Waste and Energy Investment Limited Partnership (UKGSWEI), is investing £11m to hold a minority stake in the plant. The UKGSWEI fund, in which GIB is a cornerstone investor, is managed by Greensphere.

Co-investment was sourced by Greensphere from Signia Wealth Management and Stobart PLC.

Shaun Kingsbury, chief executive, UK Green Investment Bank, said: "This investment will secure the long-term future of an important Welsh renewable energy plant and will improve its efficiency and sustainability. The Greensphere fund was set up, in part, to help support the UK's waste wood biomass sector and its first acquisition of an operational asset is an important step."

The plant, Western Bio-energy Limited, is a 14.7 MW biomass facility and was the first commercial-scale power station of its kind in Wales. It has been operational since 2008 and currently produces enough electricity to power over 28,000 homes. The investment in the Port Talbot plant will see a number of upgrades implemented. These will include an increase in Grade A waste wood as a fuel source, and refurbishment of the plant. This is expected to improve operational efficiency and reduce operational risk.

Greensphere has negotiated a contract to provide feedstock for the lifetime of the plant with Stobart Biomass, which will significantly increase feedstock reliability and reduce costs. After the scheduled refurbishment, the plant will be able to accept c.55% grade A waste wood, a significant increase. The refurbishment, which is expected to take place in Summer 2014, is likely to create a number of local jobs.

The Greensphere-managed fund forms a key part of GIB's investment strategy into the waste and bioenergy sector, one of its investment priorities. GIB initially awarded the competitive fund mandate to Greensphere to drive investment into small scale waste to energy projects. This is the fund's second investment since it was set up in July 2012.

Divya Seshamani, Managing Partner, Greensphere Capital LLP, added: "We see the Port Talbot plant as a cornerstone of the waste-wood-to-energy platform we are building in this sector."

News Headlines

Can Your Business Make Money From Cardboard?

How Much Commercial Waste is Actually Recycled in the UK?

Britain's Plastic: Where Does It Go?

Can Recycling Save My Business Money?

How Much Cardboard Waste is Produced Each Year in the UK?

Surprising Facts about Recycling

The 5 Best Countries in the World for Recycling - How the UK can catch up?

Benefits Of SMEs Using Recycling Equipment

What Happens to Commercial Recycling After It Is Collected?

Baler Vs. Compactor: Which One Is Right for You and Your Business?

The History of Can Recycling

Cardboard Baler: Rental or Purchase?

The Ultimate Guide to Waste Management in 2022

How To Clean and Maintain a Cardboard Shredder

Everything You Need To Know About Electronic Waste Recycling

What are the different types of waste compactors?

Maintenance tips for your commercial can crusher

Can you compact polystyrene?

How do you prepare cardboard for recycling?

How Much Energy Does Recycling Save?