Sheffield biomass plant secures £15m from Green Investment Bank

James Phillips
clock

Green Investment Bank and Equitix Energy Efficiency Fund provide £30m to support construction of 6.5MW biomass plant

A new biomass plant is to be constructed in Sheffield after receiving £30m of investment from the UK's Green Investment Bank (GIB) and the Equitix Energy Efficiency Fund (EEEF). The plant, which is...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Biomass

Study: UK biomass sourcing linked to forest carbon losses in Estonia and Latvia

Study: UK biomass sourcing linked to forest carbon losses in Estonia and Latvia

New analysis by Natural Resources Defense Council claims biomass sourced from Estonia and Latvia is coming from forests with shrinking carbon storage capacity, but Drax counters that report methodology is 'flawed'

clock 11 March 2026 • 6 min read
Biomass and solar power set new UK generation records

Biomass and solar power set new UK generation records

Fresh analysis from Drax confirms biomass generation has set a series of records in recent months, peaking at 17 per cent of the grid mix

James Murray
clock 03 December 2025 • 4 min read
SBTi seeks views on draft net zero standard for the power sector

SBTi seeks views on draft net zero standard for the power sector

Proposals could see power providers set goals to phase out unabated fossil fuel electricity generation

Michael Holder
clock 04 September 2025 • 5 min read