Environmental infrastructure fund JLEN said it had bought Cramlington Renewable Energy Developments, which owns a biomass combined heat and power plant, and its underlying contracts for an undisclosed sum.
The deal was made on a debt-free basis and represents JLEN’s first investment into a large-scale biomass CHP Plant, the company said on Monday.
The plant is located to the north west of the town of Cramlington in Northumberland and provides up to 28MW of electrical power and 8MW of heat for export via private wire to industrial customers and the grid.
