(Bloomberg) — Copenhagen Infrastructure Partners, a firm
founded in 2012 that invests in energy projects, acquired a
39.3-megawatt biomass plant under development in the U.K. for
1.6 billion kroner ($227 million).
The Brite project, which will use local waste wood as fuel,
is expected to begin generating power in 2017, according to an
e-mailed statement on Wednesday from the firm known as CIP.
Babcock & Wilcox Volund, based in Denmark, and U.K.-based
Interserve Plc will build the plant.
Stobart Biomass Group is providing fuel for the plant under
a long-term contract. Babcock & Wilcox Volund also will maintain
the facility, which is in Rotherham near Sheffield.
“The Brite project is an attractive investment opportunity
for CIP in a country with a well-established and stable
regulatory regime,” Christian Skakkebaek, a senior partner at
CIP, said in the statement. “It fits very well with our
strategy of developing projects benefiting from long-term
contracts with strong industrial partners in order to deliver
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