In the UK decentralised energy accounts for more than 11 per cent of UK electricity generation with the potential to deliver significantly more. It is also seen as an important gateway to deploying low carbon technologies which will help the UK meets its carbon targets and increase energy security.
Our team has the commercial and technical expertise to identify and develop energy assets, manage their operation and put in place the funding package required. We set up the commercial framework to sell the energy generated to the grid or to another body, ensuring long-term predictable returns for investors.
We work with experienced technology and delivery contractors, deploying state of the art technology. Our focus is on energy from waste which offers significant development potential. In 2012 the UK produced &85 million tonnes of waste, with nearly £21 million tonnes going to landfill. A report by the Green Investment Bank and Tolvik Consulting found that there is a £5 billion potential investment opportunity in energy recovery which could create enough renewable electricity to power one million homes.
- We identify and acquire sites for development and manage the planning process
- Using our technical and commercial knowledge we determine the right solution for new and existing projects
- We develop the funding packages required, utilising market and government mechanics to maximise returns for investors
- To maximise return on investment we explore opportunities to sell excess waste heat at a local level
We have a number of projects currently in the pipeline.
Hoddesdon Advanced Thermal Treatment plant
assetGEN Partners has developed and funded a £60m waste-to-energy plant which will become one of the largest in the UK to convert commercial and industrial waste into energy. The project's investment was led by Foresight Group, through its partnership with the Green Investment Bank, with co-investors Noy Fund and P3P Partners.
Using advanced technology the gasification plant will divert over 90,000 tonnes of waste from landfill. It will power 14,500 homes each year and reduce carbon emissions by 1.5 million tonnes over its lifetime.
The plant will create more than 110 jobs during its development and 17 full-time positions once operational in 2017. The plant is being constructed by Bouygues Energy and Services.
Renewable Energy Focus Press Release
Bloomberg News Article