Copenhagen Infrastructure Partners (CIP), the manager of the DKK 14.7 billion infrastructure fund, Copenhagen Infrastructure II K/S, and Burmeister & Wain Scandinavian Contractor A/S (BWSC), a Danish engineering and contracting company, have today announced their joint 100% acquisition of the biomass fired combined heat and power plant Project Kent.

The power plant, located in Kent near Sandwich in the United Kingdom, has been developed by Estover Energy Ltd and will be fired primarily with virgin wood sourced locally. The power plant will be constructed, operated and maintained by BWSC, which is also the business partner of CIP on two other biomass plants in the United Kingdom, and is expected to be in operation during the summer of 2018.

Once finished the power plant will have a capacity of 27.8 MW making it capable of producing power corresponding to the power consumption of 50.000 households while delivering CO2 savings close to 100.000 tonnes every year. Heat and some of the power will be delivered to Discovery Park which is one if UK’s leading science parks.

The total investment in Project Kent is approximately GBP 160 million of which Copenhagen Infrastructure II K/S will be investing around 80% and BWSC will be investing around 20%. Estover Energy Ltd will once commercial operation commences hold a minority interest in the project.

Bruun & Hjejle acted as Danish legal counsel to Copenhagen Infrastructure II K/S.