A group of high street businesses and investors have joined forces in a bid to become a leading force in the UK’s energy waste sector through new company Tamar Energy Limited. The investor group is led by RIT Capital plc and Fajr Capital and includes the Duchy of Cornwall, Lord Rothschild’s Family Interests and other private investors.
The group are putting £65 million to develop a network of over forty anaerobic digestion plants which could generate 100MW of green electricity over the next five years.
Energy Secretary Ed Davey said: “Getting new investors to come into the clean energy market is one of my priorities. The consortium behind Tamar is a prime example of this, combining familiar high street names with big international investors. Energy from waste has the potential to make a substantial contribution to our renewable energy targets and so I look forward to seeing Tamar’s plans come to fruition.”
AD technology converts organic waste into energy. Biogas is rich in methane and can be used either in a local generating plant to produce electricity, or cleaned and injected into the gas grid.