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Infinis expands biomass business in Scotland

Infinis, the renewable energy generator company, has announced the proposed acquisition of the entire issued share capital of Scottish BioPower, Scottish BioFuel and Scottish Resources Group (SRG). Following completion of the acquisition of Scottish BioPower and Scottish BioFuel, Infinis intends to develop in excess of 125MW biomass power generation assets and in excess of 125MW of wind farms in Central Scotland. Scottish BioFuel is a fast growing supplier of biomass feedstock to the renewable energy sector and is pioneering the development of a supply chain in Scotland. Infinis hope that the acquisition will help it to secure sustainable sources of biomass feedstock for the proposed power plants. The feedstock will be predominantly sourced from short rotation coppice willow, forestry waste and waste wood. The company hopes that the biomass and wind projects will generate up to 1,250 GWh of renewable electricity, enough to power up to 375,000 homes. Through these projects Scotland has the potential to reduce its carbon emissions by 460,000 tonnes, through the avoidance of burning fossil fuels. Infinis chief executive Alan Lovell said: Our intention has always been to have a diversified portfolio of renewable technologies particularly expanding our biomass and wind capabilities. These acquisitions of the established businesses of both Scottish BioPower and SRGs renewable energy assets, including Scottish BioFuel, will help us to create a leading market position in renewable power in Scotland. Furthermore, the acquisitions are a significant step in the companys development and will underpin our strategy of becoming Europes leading generator of power from purely renewable sources.

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