Cramlington biomass plant secures £48m from Green Investment Bank and John Laing

clock •

Crucial funding announced for planned Estover Energy biomass development capable of providing power to 52,000 homes, as Glennmont Partners snaps up Port Clarence project

A new £138m biomass plant to be built in Northumberland has received a combined £48m of funding from the Green Investment Bank (GIB) and British renewable energy investor John Laing. GIB is investing...

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

Author spotlight

Jocelyn Timperley

View profile
More from Jocelyn Timperley

How greenhouses run on solar power and seawater could turn agriculture on its head

Meet the smart bin technology helping kitchens slash food waste

More on Biomass

How biomass power could save UK up to £900m a year by balancing renewables
Biomass

How biomass power could save UK up to £900m a year by balancing renewables

Biomass could provide up to 5.5GW of low carbon power to help manage weather-dependent renewables, a new REA report calculates, but concerns remain over sustainable feedstocks

Stuart Stone
Stuart Stone
clock 10 June 2025 • 6 min read
MPs accuse government of letting biomass importers 'mark their own homework'
Biomass

MPs accuse government of letting biomass importers 'mark their own homework'

Public Accounts Committee calls for more robust oversight of biomass supply chains to help ensure public value for money and dispel 'white elephant' fears

Stuart Stone
Stuart Stone
clock 25 April 2025 • 5 min read
Government to halve subsidies for Drax biomass power plant with new 'compromise' contract
Biomass

Government to halve subsidies for Drax biomass power plant with new 'compromise' contract

Proposed agreement aims to ensure only sustainable biomass used in Yorkshire power plant, but campaigners decry 'a dirty compromise with past failures'

James Murray
James Murray
clock 10 February 2025 • 5 min read