On the Instructions of David Shambrook, Gordon Thomson and Stephanie Sutton of RSM Restructuring Advisory LLP, Joint Administrators of Teesside Green Energy Park Limited, we are pleased to offer for sale an ROC accredited Biomass plant located at Tansterne, near Hull. The facility, when operational, is capable of processing 120,000 tonnes of Grade C waste wood producing 23MWe of electricity.
The salient details are as follows:
- Designed by Heat Recovery Solutions (HRS), energised in 2017 and commissioned in 2018 with a total investment to date of c.£87m.
- The Plant comprises: 2 x 10.86T per hour feedstock to burner delivery systems, 2 FG Wilson 11kV-415kVa transformers, HRS recovery solutions, HRS heat exchanger, 1 Trivien Luftkin 22500kW x 480Deg C x 66Bar steam Turbine & WEG Generator and 58m Flare Stack.
- Gross electrical capacity of 23MWe, generated by a steam turbine supplied with high pressure, super-heated steam from Stein Muller fluidised bed boiler.
- The Plant was accredited by Ofgem in 2020 and benefits from 1.4 ROCs/MWh of generation until 2037.
- Grid connection agreement in place with Northern Powergrid with a maximum export capacity of 22MW.
- Occupying a freehold site extending to c.10 acres, with two areas leased to Northern PowerGrid.
- Feedstock contract secured for 10 years from commencement of commercial operations with the option to extend for two further 5 year periods.
- Long term operation and maintenance contract with BWSC for a period of 10 years.
Sale Process and Further Information
Offers Invited
On receipt of a signed non-disclosure agreement (NDA) access will be provided to a virtual data room housing additional information. To access the NDA please click the link, sign and return via email to sfelstead@hilcoglobaladvisors.co.uk
Terms and Conditions
No warranties, express or implied, are provided in relation to any information or statements made in connection to this opportunity. The information contained herein, and within the project dataroom, has not been verified by Hilco and prospective purchasers must undertake their own due diligence to satisfy themselves as to the accuracy of all such information and any statements made. Hilco acts as agent for the Vendor who offers for sale only such right, title and interest the Company possesses in the assets.
