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GIB supports waste-to energy schemes to serve Birmingham and London
The Green Investment Bank (GIB) and Foresight Group have announced the investment of £48mn by a consortium of investors into the construction of a new 10.3 MWe recovered wood gasification venture in Tyseley, Birmingham, to be known as Birmingham Bio Power.
The consortium comprises GIB, Balfour Beatty, Eternity Capital Management, Foresight’s UK Waste Resources and Energy Investments (UKWREI) fund, in which GIB is a cornerstone investor, and GCP Infrastructure Fund with the developer, Carbonarius.
The project, the first of its kind in the UK and expected to become operational by early 2016, will convert recovered wood into electricity using gasification technology. This form of thermal treatment of waste converts the carbon-based material in the waste into a gas which is used to raise steam. This is then passed through a turbine to produce electricity.
The project will be supplied with around 70,000 tonnes per annum of recovered wood secured under a long-term fuel supply contract from the Birmingham-based JM Envirofuels.
Shaun Kingsbury, Chief Executive of UK Green Investment Bank, said: ‘As the UK works towards its targets to generate more power from green sources, it’s important that we bring on new technologies. I’m pleased the Green Investment Bank has been able to support the first gasification plant of its kind in the UK and hope it offers a positive demonstration effect that others will follow.’
Carbonarius has selected Nexterra Systems to provide the gasification system; the company has delivered seven similar gasification facilities in the US and Canada. The equipment meets the criteria of a UK Advanced Conversion Technology (ACT) qualifying the project for the highest band of Renewable Obligations Certificate (ROC).
Meanwhile, the GIB is also to support the development of a £244mn energy recovery centre and rail interchange in South Gloucestershire, to serve six West London boroughs. The completed facility, the Severnside Energy Recovery Centre, will convert up to 300,000 tonnes of residual household waste into energy every year. The waste will be collected from six West London boroughs, enabling over 96% of this material to be diverted from landfill.
The project is part of a 25-year contract between the West London Waste Authority and a consortium led by SITA UK, Scottish Widows Investment Partnership (SWIP) and the Itochu Corporation.
News Item details
Journal title: Energy World
Countries: UK -
Subjects: Banking, finance and investment, Electricity from fuel combustion, Waste recycling and disposal, Waste
