Land earmarked for the development of the UK’s first 80MW biomass from waste plant has been sold to a Malaysian manufacturing firm.
KNM Group Berhad has announced it has signed an agreement to acquire Poplar Investments which owns the land where EnergyPark Peterborough will be built.
The deal should be finalised next month.
In 2010 KNM signed a £450m deal with developers Green Energy Parks’ (GEP) subsidiary, Peterborough Renewable Energy for the engineering, procurement and construction of the energy from waste facility.
The project was approved by DECC in October 2009 and KNM has said it will begin construction at the site in the “near future”.
Green Energy Parks managing director Chris Williams said: “We have found a partner who shares our ethos, drive and ambition to deliver a landfill free future. Together, we look forward to breaking ground and getting the construction phase underway.”
KNM Group Berhad executive chairman and CEO Lee Swee Eng added: “This is a ground-breaking project which will mark an important development in the way that waste is dealt with in the UK and we are incredibly excited at the prospect of having a partnership with Green Energy Parks, which forms a significant part of our drive into the renewable and clean energy sector.