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Octopus Renewables, the specialist clean energy investor arm of Octopus Group, has announced the acquisition of two operational UK biomass power plants, with a combined capacity of 85.7 MW, from a joint venture by Copenhagen Infrastructure Partners (CIP) and Burmeister & Wain Scandinavian Contractor (BWSC), in one of the largest deals of its kind in the UK.
The two plants, located in Brigg, North Lincolnshire and Snetterton, East Anglia, have been acquired with investment provided by funds managed by Octopus, one of which includes a recently announced fund cornerstoned by UK workplace pension provider Nest.
Both facilities at Brigg (40.8MW) and Snetterton (44.9MW) are fuelled by a mixture of locally sourced biomass feedstocks. Octopus will manage both sites, adding to the five biomass plants that it currently manages across the UK.
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Matters of The Moment
The people are in no mood to be shortchanged or hoodwinked and are keeping a watching brief on the turn of events
By
Mrinal Roy
This burning question is in the minds of a majority of Mauritians at a time when so many things are awry in the country. People from all walks of life are angry and up in arms at the plummeting standards of governance, the unending array of scandals and allegations of corruption and other wrongdoings involving Ministers, the abject misuse of the national TV as a daily instrument of spin doctoring and propaganda at public expense, nepotism, the opacity shrouding the terms and conditions under which billions of Rupees of public bailout funds are advanced to distressed companies by the Mauritius Investment Corporation Ltd (MIC) and the complicit role of elected MPs in the shameful state of parliamentary democracy in the country.