U.K. Green Bank Invests in 110 Million-Pound Wood-to-Power Plant
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The U.K. Green Investment will invest in a 110 million-pound ($172 million) plant to generate power and heat from waste wood in the country’s northwest.
The bank will provide 16.9 million pounds of loans and 13.2 million pounds in equity via a fund managed by Foresight LLP, it said today in an e-mailed statement. The plant will have 20 megawatts of power capacity and 7.8 megawatts of heat.