Posted on: 12/12/2017
Work starts on distillery AD project
A whisky distillery has started work on a £3 million biogas project announced yesterday. Balmenach, which is also the home of Caorunn Scottish Gin, said the project will significantly reduce the distillery’s carbon footprint.
Owner Inver House Distillers has commissioned the new anaerobic digestion system at the site near Grantown on Spey. The distillery already operates a wood-pellet biomass boiler.
New fund launched to invest in renewables
Investment firm Foresight has launched a new fund to target UK listed renewable energy and infrastructure equities and bonds
The group said the launch aimed to capitalise on the unprecedented growth of the UK energy and infrastructure sector. It will target an annual income of 5% per annum with dividends paid quarterly.
Ports operators in major solar investment
Ports operator ABP has unveiled plans to build a further 20MW of solar arrays making the ports company one of the biggest corporate solar power producers in the UK.
Once complete, the investment could ultimately see ABP’s 21 ports home to 100,000 solar panels generating up to 22.4 million kWh of clean electricity each year – enough to boil more than 1.12 billion kettles.
GFG Alliance to buy hydro operator
Metals and energy group GFG Alliance is acquiring Green Highland Renewables (GHR), which operates 18 hydro-electric stations across the Scottish Highlands.
GHR was launched in 2007 and has delivered more than 45 hydropower schemes internationally, many of which it continues to operate and maintain.
GFG's acquisition of the company is due to be completed by the end of February next year.
Energy consultants acquired
Lancashire-headquartered energy consultants LG Energy Group (LGE) has announced the acquisition of Guild Energy.
LGE Managing Director, Asif Rizvi said the deal to buy the Liverpool “further enhances our customer offering as the merger of SME with our current
Industrial and Commercial products allows us to provide a more holistic approach to the market”.
“The sharing of people, knowledge and systems across the companies will only strengthen the management and direction of both businesses,” he added.