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New investment group backs Ince Park

A new finance group has been launched to invest in biomass and energy-from-waste (EfW) plants in the UK, and the first scheme to be backed is a facility at Ince Park facility in Cheshire.

The Bioenergy Infrastructure Group (BIG) has been created by Infracapital, Aurium Capital Markets, Foresight Group and Helios UK. Infracapital has put up £160m for a 70% stake.

BIG’s first venture is a biomass plant at Ince Park, part of what is planned to be the UK’s largest resource recovery complex.

The group says the plant has a 15-year feedstock contract in place for locally sourced waste wood, and will provide enough electricity to power 40,000 homes once operational.

Andy Matthews, greenfield director, Infracapital, said: “The deal is indicative of the significant greenfield infrastructure investment opportunity in the UK and across Europe, where we intend to deploy further funds in the coming months and years.”

Hamish McPherson, BIG chief executive officer, said: “This investment offers us a great opportunity to create an investment platform of scale in the rapidly growing bioenergy market, and we are excited to bring together a group of such experienced investors to launch this vehicle and establish it as a key player in the sector.”

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