Greencoat Capital has agreed to acquire 100 percent of Templeborough Biomass Power Plant (TBPP) from Copenhagen Infrastructure Partners (CIP), representing the company’s entry into the bioenergy sector.
TBPP owns a waste wood biomass plant in Rotherham, United Kingdom, which began operations in February. It has a net capacity of more than 40 megawatts — enough to power 78,000 homes — generating low carbon electricity through locally-sourced waste wood.
CIP acquired the project in 2015 and financed its construction through its CI-II fund, which was established in 2014 with €2 billion ($2.2 billion) from 19 Danish and international institutional investors, according to CIP’s website.
The investment will be made on behalf of a number of Greencoat Capital’s pension fund clients and follows Greencoat’s investment strategy in renewable infrastructure by providing stable, inflation-linked returns with low correlation to the broader economy.
