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With this operation, Greenvolt Group reaches a biomass renewable energy production capacity of 179.2 MW, of which 68.7 MW are in England.

The Greenvolt Group has entered into an agreement to acquire 100% of Kent Renewable Energy Limited (KREL), which owns a biomass renewable Heat and Power generation plant in Sandwich, Southeast England. The plant is fully operational and has a production capacity of 28.1 MW of electricity and 25 MWth of heat.

The transaction is expected to be completed no later than by October this year, subject to customary conditions and approvals, most of which have been obtained.

In 2023, the plant generated approximately 210.8 GWh of energy, equivalent to supplying power to 50,000 homes and saving around 45,000 tonnes of CO2 emissions annually. It provides heat and electricity to surrounding industrial parks, with the surplus being fed into the grid under a long-term contract with Engie.

The plant benefits from renewable energy incentives for biomass in the UK – the Renewable Obligations Scheme (ROC) until 2037 and the Renewable Heat Incentive (RHI) until 2039. It is fully aligned with the principles of the circular economy and actively contributes to the UK’s climate goals.

“This acquisition strengthens the Greenvolt Group’s commitment to one of its strategic pillars, the production of energy from sustainable biomass, making it one of the largest producers of electricity from biomass in England,” says João Manso Neto, CEO of Greenvolt. “The production of energy from biomass is fundamental to ensuring the energy transition and security of supply,” he adds.

The plant was developed and built by Copenhagen Infrastructure Partners (on behalf of its Flagship Fund, Copenhagen Infrastructure II K/S) and Burmeister and Wain Scandinavian Contractor A/S and began commercial operations in 2018. The Plant was developed with globally recognized state-of-the-art technology and based on rigorous and demanding technical specifications. The construction as well as the ongoing operation of the plant is managed by Burmeister and Wain Scandinavian Contractor A/S.

Its activity is based on long-term contracts covering core operational areas, as well as a stable and high cash flow generation capacity, supported by the RPI-Indexed ROCs until 2037 and RHI until 2039. All fuel supply needs, primarily sustainable forest biomass, required for the plant’s operation are covered by a long-term supply contract with a certified partner focused on ESG best practices and complying with European regulations (RED III).

With this acquisition, the Greenvolt Group reaches a biomass renewable energy production capacity of 179.2 MW, of which 68.7 MW are in England, making it one of the top 5 electricity producers from locally sourced biomass in the country. The Group owns and operates Tilbury Green Power, near London, with an installed capacity of 41.6 MW, using residual wood from construction-related activities as fuel. In 2023, Greenvolt generated 998.3 GWh of green energy from biomass.

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