Tamar Energy secures financing agreement with The Royal Bank of Scotland

February 12, 2015 |

In the UK, Tamar Energy has secured a landmark GBP32 million non-recourse project finance facility, the first such financing facility in the AD industry. The Royal Bank of Scotland plc is providing the seven-year term facility which will refinance Tamar Energy’s existing five AD plants. The new financing facility will be used to build the next wave of AD plants from Tamar Energy’s development pipeline.

Tamar Energy currently has five AD plants with a combined capacity of 11 MW, generating baseload green energy from the processing of food, vegetable and agricultural organic waste. They are located in Basingstoke, Hampshire; Holbeach, Lincolnshire; Retford, Nottinghamshire; Halstead, Essex and Hoddesdon, Hertfordshire.  It also secured permission for a sixth plant at Bromley in Greater London in October 2014.

Category: Fuels

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