Search

Snetterton straw-fired biomass plant sold for £160m

14:51 27 November 2014

Snetterton Energy Plant.

Snetterton Energy Plant.

Archant

A pair of Scandinavian firms have snapped up the rights to build a straw-fired biomass plant at Snetterton.

Founding developers Iceni Energy and Eco2 have struck a £160m deal to sell the project to Burmeister & Wain Scandinavian Contractor (BWSC) and PensionDanmark.

The joint venture will take charge of the investment, construction, operation and maintenance of the plant, which is expected to start generating electricity by spring 2017.

It comes after the project received planning consent from Breckland Council in July 2012, despite concerns that it might increase traffic, drive up straw prices and generate noise and light pollution.

David Williams, chief executive at Eco2 said: “This is a significant deal for the UK biomass industry, and the second sale Eco2 has completed with BWSC PCL on a sustainable-scale straw-fired biomass plant.

“Straw supply contracts have been put in place for the next 12 years, giving local farmers a secured income for their surplus straw.

“The new plant will also bring improvements to the electricity grid infrastructure, which will assist Breckland Council in the development of the Snetterton Heath area, creating further jobs.”

According to Eco2, the plant will drive £11m into the East Anglian economy by sourcing straw locally through fuel supply contracts.

The company expects the project to support 250 jobs during construction and create 36 positions once finished.

Michael Wassell, leader of Breckland Council, said: “Having worked closely with Iceni in driving forward this project for a number of years, I am delighted that our hard work will soon see construction get underway. The new biomass energy plant will bring new regular investments to the local agricultural economy while also enabling more businesses to move to the area, creating new jobs and boosting regeneration and growth across Breckland.”

• Do you have a business story for the EDP? Contact business editor Ben Woods on 01603 772426 or email ben.woods@archant.co.uk

0 comments

Welcome , please leave your message below.

Optional - JPG files only
Optional - MP3 files only
Optional - 3GP, AVI, MOV, MPG or WMV files
Comments

Please log in to leave a comment and share your views with other Eastern Daily Press visitors.

We enable people to post comments with the aim of encouraging open debate.

Only people who register and sign up to our terms and conditions can post comments. These terms and conditions explain our house rules and legal guidelines.

Comments are not edited by Eastern Daily Press staff prior to publication but may be automatically filtered.

If you have a complaint about a comment please contact us by clicking on the Report This Comment button next to the comment.

Not a member yet?

Register to create your own unique Eastern Daily Press account for free.

Signing up is free, quick and easy and offers you the chance to add comments, personalise the site with local information picked just for you, and more.

Sign up now

HOT JOBS

Show Job Lists

Insight

Employers in East Anglia are paying staff more and looking at benefits packages in a bid to attract and retain staff.
Photo credit: Philip Toscano/PA Wire

If you excel at your job then now might be the time to speak to your boss about a pay rise or equally look for an upgrade in your benefits package.

                                 Managing Director of Bakers and Larners of Holt, Michael Baker, pictured at the Holt department store.

Picture: MARK BULLIMORE

Family businesses are the lifeblood of the economy, but can often be weighed down by tradition. Now a report seeks to champion the region’s oldest family firms. Business writer SABAH MEDDINGS reports.

Green 100

cover

Enjoy the Green 100
digital edition

Read

Mustard TV

Meet the Team

Mark Shields

Business Editor

|

Chris Hill

Agricultural and Farming Editor

|

Shaun Lowthorpe

Business Publishing Editor

|

Sabah Meddings

Business Writer

|

Kate Royall

Business Writer

|

Duncan Abel

Business Development Manager

Business Most Read

Awards

Norfolk Future 50 EDP Business Awards Green 100

Business Most Commented

Newsletter Sign Up