Located in Scotland near Craigellachie, Moray, Estover's Speyside CHP plant was financed in August 2014.
The £74m project won the 2014 IJ Global European Biomass Award in recognition of the innovative financing structure used. The project issued a bond guaranteed by Infrastructure UK and was the first greenfield renewables development to do so. Equity was invested by John Laing Group plc and the UK Green Investment Bank plc.
The 12MWe plant will provide low carbon electricity to the national grid and steam to the Macallan distillery, one of Scotland's most successful whisky distilleries.
- Construction started in September 2014
- £74 million investment
- Decarbonising the Macallan Distillery
- 12 - 15MWe - enough to power more than 20,000 homes
- Abundant local wood fuel - 750,000 acres of forestry within 50 miles
The combined heat and power (CHP) plant will generate enough renewable electricity to power more than 20,000 homes, as well as providing 90% of all the steam needed in Macallan's distillation process.