Greencoat Capital has acquired the Templeborough biomass plant in England from Danish investment firm Copenhagen Infrastructure Partners.
The Templeborough plant began operations earlier this year and is located in the city of Rotherham. It produces enough energy to power 78,000 homes and offset 150,000 tonnes of CO2 per year.
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“We are proud to have made our first bioenergy investment, and delighted with the asset that CIP has developed,” said Greencoat partner Minal Patel.
“Greencoat has demonstrated sector leading performance with both its wind and solar strategies, and we look forward to replicating that in the bioenergy sector where we see a significant pipeline of investment opportunities.”