Fund manager Equitix and Greenvolt have taken ownership of Tilbury Green Power, an operational 41.6MW biomass power plant located in the Port of Tilbury, Essex. Greenvolt, which will own 51% of the plant, is owned by ALTRI, SGPS. Equitix funds will have a 49% stake.
The plant was built by Burmeister & Wain Scandinavian Contractor (BWSC) and Aalborg Energie Technik, who will continue to maintain and operate it.
The partners say the power plant, 25 miles from central London “is strategically located to process waste wood for the area, with few alternatives in the vicinity”.
Nikolaj Holmer Nissen, choief executive at BWSC and Lars Kristensen, chief executive at AET, said, “We are pleased to announce that following successful development, construction and operation of the Tilbury power plant, we have divested our ownership of the power plant. We are happy that the new owners recognise the value of the power plant, as well as its future potential. This agreement will allow Greenvolt, together with Equitix, to solidify its position in the European renewable energy sector. We look very much forward to the future cooperation with Greenvolt and Equitix as the new owner and AET and BWSC as the Operation & Maintenance contractor”.