Copenhagen Infrastructure Partners and SSE Thermal commence operations of Energy-from-Waste project Slough Multifuel
2024年8月23日 - 2:30PM
Copenhagen Infrastructure Partners (CIP), through its fund
Copenhagen Infrastructure IV (CI IV), and joint venture partner SSE
Thermal (SSE) have successfully completed construction and
commenced operation of the 60MWe Energy-from-Waste plant located
within the Slough Trading Estate Greater London area in the United
Kingdom.
Slough Multifuel provides a sustainable and environmentally
friendly waste management solution for the Greater London area by
processing 480,000 tonnes of residual waste per year – and will
contribute to the UK government’s strategy to reduce landfill and
export of waste.
The successful completion of Slough Multifuel ahead of time and
below budget took place under challenging market conditions and
exemplifies the synergies from a close collaboration between
financial and industrial players in the energy sector. During
construction, plant capacity was successfully increased from 50 to
60 MW and performance guarantees will provide a high level of
operational performance. Further, Slough Multifuel has several mid-
and long-term Fuel Supply Agreements in place ensuring stable
revenue streams.
Florian Küster, partner at CIP, said: “We are delighted to have
reached this significant milestone together with our partners in
SSE Thermal. Since 2020 we have worked efficiently side-by-side and
we are proud to have delivered a plant that makes a significant
contribution to the green transition in the UK and creates value
for society, the local community and our investors.”
Finlay McCutcheon, Managing Director of SSE Thermal, said:
“Slough Multifuel will fulfil an important role in the UK’s
electricity system and help divert thousands of tonnes of waste
from landfill. The successful delivery of the project is testament
to the partnership between SSE and CIP, which spans multiple
projects and continues to create genuine value.”
CIP acquired a 50% stake in Slough Multifuel from SSE Thermal in
April 2020 and the parties have co-developed the project throughout
the remaining development phase. CIP’s track record within UK
thermal investments dates to 2013 and currently CIP’s thermal
project delivery experience counts four operational biomass plants
and one of Europe’s largest energy-from-waste plants currently
ongoing construction situated in Lostock, near Northwich in
Cheshire.
About Copenhagen Infrastructure PartnersFounded
in 2012, Copenhagen Infrastructure Partners P/S (CIP) today is the
world’s largest dedicated fund manager within greenfield renewable
energy investments and a global leader in offshore wind. The funds
managed by CIP focus on investments in offshore and onshore wind,
solar PV, biomass and energy-from-waste, transmission and
distribution, reserve capacity, storage, advanced bioenergy, and
Power-to-X.
CIP manages 12 funds and has to date raised approximately EUR 28
billion for investments in energy and associated infrastructure
from more than 160 international institutional investors. CIP has
approximately 500 employees and 12 offices around the world. For
more information, visit www.cip.com
About SSE ThermalSSE Thermal is part of SSE plc
and is on a mission to deliver the flexible energy needed today
while powering the transition to net zero. Its flexible generation
and gas storage sites play a crucial role in keeping the lights on
across the UK and Ireland and the company is rising to the
low-carbon challenge with its teams at the cutting-edge of vital
technologies including hydrogen and carbon capture.
As the UK and Ireland's clean energy champion, SSE could invest
in excess of £40bn across the next decade in low-carbon energy
infrastructure. For more information visit www.ssethermal.com
For further information, please contact:
Email: media@cip.com
Simon Mehl Augustesen, Chief Communication Officer
Phone: +45 3052 6721
Email: siau@cip.com
Thomas Kønig, Partner – Investor Relations
Phone: +45 7070 5151
Email: tkon@cip.com