Green light for Hull Energy Works

Published: Tuesday 24th November 2015 by The News Editor

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Work on a new £200 million green energy power plant in Hull will begin in January.

Spencer Group, a privately-owned multi-disciplinary engineering business, has secured a financial package and construction contract for the 25MW net power output facility.

Energy Works will be the largest facility of its type in the country and the first advanced gasification power plant supported by the Government’s Contracts for Difference (CfD) arrangements, put in place to stimulate investment in green energy developments.

Global engineering and construction company M+W Group will lead the construction, which is due to be completed by January 2018.

Hull-based Spencer will carry out the civil works as well as manage the construction phase and subsequent management of the operations of the completed plant on behalf of the various investors.

The three equity partners in Energy Works (Hull) Ltd are Bioenergy Infrastructure Group, John Hancock, through its affiliate Hancock Natural Resource Group, and Noy Fund.

Spencer will remain a shareholder to ensure ongoing local involvement in the running of the facility.

The CfD arrangements ensure a guaranteed price for the renewable energy produced by Energy Works and exported into the National Grid, up to 2033.

Copyright Press Association 2015

Published: Tuesday 24th November 2015 by The News Editor

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