You are here

Renewables developer: it’s time to leave the UK

Eco2’s chief executive David Williams says renewable energy investors and developers are leaving the UK, and they will be slow to return. His company has seen the writing on the wall for the past five years, he tells Janet Wood

Developer Eco2 has sold its Port Clarence biomass project to Glennmont Partners for £160 million. The 40MW project began life two years ago and was jointly developed by Eco2 Ltd and Temporis Capital LLP. The power station is to be financed with equity from a fund managed by Glennmont Partners and debt arranged and provided by Deutsche Bank and Danske Bank, supported by EKF, the export credit agency of Denmark.

To continue reading this article please login if you already have an account or subscribe.