26-05-2016 Danish joint venture officially opens the Brigg Renewable Energy Plant and launches a local Community Benefit Fund
Today, the Brigg Renewable Energy Plant was officially opened by Cllr. Trevor Foster, North Lincolnshire Mayor, in the presence of local, national and European dignitaries. The renewable energy plant, which is the largest dedicated straw fired biomass plant in the UK, generates 40MW of electricity every hour, which is enough to supply 75,000 homes and save over 250,000 tons of CO2 every year.
The plant is owned by BWSC North Lincs Ltd (BNLL), a joint venture between PensionDanmark, Burmeister & Wain Scandinavian Contractor A/S (BWSC) and Copenhagen Infrastructure Partners (CIP). The GBP 162m investment is based on biomass energy technology supplied by BWSC under a turnkey engineering, procurement, and construction contract. BWSC is responsible for operation and maintenance of the plant under a 15-year operation and maintenance agreement.
The project is also very pleased to announce that an initial 3-year Community Benefit Fund has been launched which will contribute GBP 50,000 a year in grants to the local community.
Torben Möger Pedersen, Chief Executive Officer, PensionDanmark, says: “We are very pleased with the good cooperation with CIP and BWSC. With the joint venture, we have found a model that provides PensionDanmark with a stable return with limited risks. At the same time, we are helping to increase Danish energy technology exports. We therefore see strong potential in these types of partnerships.”
Anders Heine Jensen, Chief Executive Officer of BWSC, says: “We have worked closely with the North Lincolnshire Council and many other statutory agencies, and it is the joint effort of all parties involved in the project which have resulted in the project being delivered ahead of time and within budget. I would also like to thank all local residents especially in Scawby and Scawby Brook for their support during the construction phase, and we look forward to continuing the good relationship with them through the operational phase.”
Jakob Baruël Poulsen, Managing Partner of Copenhagen Infrastructure Partners, says: “We are delighted to have formally opened our power plant. This has been achieved with great success thanks to our partners, investors and local stakeholders. Thanks must also go to the UK Government who has provided the stable regulatory framework that has enabled investments into renewable energy infrastructure such as the Brigg Renewable Energy Plant.“
The Mayor of North Lincolnshire, Cllr. Trevor Foster says “We are delighted that such high calibre European companies wish to invest in the UK and in Lincolnshire in particular. Their announcement today of the Brigg Community Benefit Fund reinforces their commitment to the local area, and we look forward to working with them for many years to come.”
For further information, please contact:
Facts about the project:
Brigg Renewable Energy Plant (Brigg) will be primarily straw fueled and has a capacity of 40 MW, corresponding to the total consumption of ~70,000 households, and an estimated annual CO2 emissions reduction of ~250,000 tons. The plant consumes ~250,000 tons of straw per year which is sourced from farmers in the local community. The boiler of the plant has been supplied by the Danish high-tech company BWE.
Facts about the parties:
PensionDanmark A/S (PensionDanmark) manages labour market pensions under collective and corporate agreements and health care products on behalf of 687,000 members in 25,600 businesses within the private and public sectors. PensionDanmark is owned by its customers, and profits belong entirely to the members. Premium income totalled DKK 12.1bn in 2015, and the members’ savings total more than DKK 180bn. PensionDanmark currently has DKK 18bn invested in infrastructure and expects to invest a further DKK 8bn in infrastructure over the coming years.
Burmeister & Wain Scandinavian Contractor A/S (BWSC) is a Danish engineering and contracting company which develops, builds, operates and owns high-performance biomass, biogas and diesel power plants. The majority of the projects are supplied as turnkey plants, and BWSC has delivered more than 178 power plants to 53 countries worldwide with a total capacity of more than 3,500 MW. Currently, BWSC has ongoing activities in England, Northern Ireland, Surinam, Lebanon, the Cayman Islands, Sri Lanka, Kenya and Mauritius. BWSC generated a revenue of DKK 2.1bn in 2015, and the order book amounted to DKK 6.6bn at end-2015 and has more than quadrupled in the last 4 years. BWSC originates from the stationary engine division of Burmeister & Wain (B&W), which has built and installed diesel engines for power plants since 1904. BWSC was established as a separate specialist company in 1980 and was acquired by Mitsui Engineering and Shipbuilding Co. Ltd. in 1990.
About Copenhagen Infrastructure Partners
Copenhagen Infrastructure Partners K/S (CIP) is a fund management company founded in 2012 by senior executives from the energy industry and PensionDanmark. CIP is owned and managed by the five partners, Jakob Baruël Poulsen, Rune Bro Róin, Torsten Lodberg Smed, Christian T. Skakkebæk and Christina Grumstrup Sørensen. All five partners have extensive experience within infrastructure investments and mergers & acquisitions. CIP currently manages the funds Copenhagen Infrastructure I K/S, CI Artemis K/S and Copenhagen Infrastructure II K/S. Copenhagen Infrastructure I K/S and CI Artemis K/S both have PensionDanmark as sole investor, while Copenhagen Infrastructure II K/S has 19 Danish and international institutional investors.
Community Benefit Fund
Information on the renewable energy plant, local business opportunities and details of the Community Benefit Fund are available in the Brigg Renewable Energy Plant Community Newsletters, on the website at www.briggbiomass.com or by contacting Colin Jones , Managing Director BNLL on +44 (0)7928 496380 or COJ@bwscnorthlincs.co.uk