Funding has been secured to push ahead with two major energy projects in Fife and at Grangemouth.
Pioneer Point Partners, the new London-based owners of Brockwell Energy Limited, said they intended pressing ahead with plans to transform the former Westfield mining site in Fife by progressing proposals for a new energy from waste facility.
They also committed to the Earls Gate waste-to-energy project at Grangemouth. PPP added that development funding was also being made available to continue planning for the “nationally significant” 270MW North Kyle wind power scheme.
In total, the development value of the three projects is in the order of £800 million. Rupert Shaw, a partner at PPP, said the Brockwell acquisition presented a perfect opportunity to build a significant energy portfolio.