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Biomass plant finds £150m

Large European investor backs 40MW straw-fired UK facility

Biomass plant finds £150m image

Glennmont Partners has refinanced the 40MW Sleaford biomass plant (pictured) in Lincolnshire via a £150m placement to a large, unnamed European investor.

The straw-fired facility, operated by Burmeister & Wain Scandinavian Contractor, has been running since 2014.

The placement is the largest institutional-only financing in the UK biomass sector to date, Glenmont said.

Deutsche Bank acted as lead arranger, security trustee and account bank.

Image: Eco2

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