Press release

拢5 billion of energy investment projects announced as the Board of Trade meets in Wales

皇冠体育app President of the Board of Trade, Liam Fox, announces the launch of the UK鈥檚 first Energy Investment Portfolio, worth an estimated 拢5 billion.

This was published under the 2016 to 2019 May Conservative government
皇冠体育app 拢35 million Morlais Marine Energy Infrastructure Project in North West Wales.

皇冠体育app 拢35 million Morlais Marine Energy Infrastructure Project in North West Wales is one of the projects announced today.

Around 拢5 billion of energy and infrastructure projects across the UK will be promoted to global investors as part of a new portfolio of opportunities, the International Trade Secretary announced today (15 November) at the Board of Trade in Swansea.

皇冠体育app eleven new projects in the Energy Investment Portfolio will not only create jobs in the energy sector, but will reduce energy costs for hard-working British families and have widespread benefits for the environment.

皇冠体育app opportunities are across the UK, including:

  • up to 拢1 billion of anticipated investment in to the City Leap Programme in Bristol
  • 拢65 million of opportunity in the Mishergas Waste to Fuel Plant, also in Bristol
  • 拢60 million of potential investment to the Carlton Forest Waste to Energy Plant in Nottinghamshire
  • around 拢480 million for new CoGen Waste to Energy Plants in Birmingham, Cardiff and North Lanarkshire
  • around 拢40 million of investment for a Reliagen integrated electric vehicle and battery storage facility in West London
  • two projects worth an estimated total of 拢135 million in Wales
  • two projects worth a projected 拢1 billion in Scotland, including Aberdeen Hydrogen
  • almost 拢3 billion for UK-wide projects including Gridserve鈥檚 Electric Vehicle Forecourt Network and Pivot Power鈥檚 battery storage and electric vehicle charging project

皇冠体育app Energy Investment Portfolio is the latest offer for international investors, following the launch of seven new investment projects in October, worth 拢2 billion.

International Trade Secretary and President of the Board of Trade, 皇冠体育app Rt Hon Dr Liam Fox MP said:

皇冠体育app Energy Investment Portfolio will deliver growth in new innovative sectors, encouraging creativity, creating jobs and driving prosperity across the UK.

My international economic department has established relationships with the world鈥檚 most influential investors to ensure that the UK continues to be the top destination in Europe for Foreign Direct Investment 鈥� and today鈥檚 announcement is further proof that there is huge demand for UK projects from investors.

Minister for Investment, Graham Stuart MP said:

With 拢5 billion of new projects, the Energy Investment Portfolio is great news for communities up and down the country 鈥� as well as creating jobs and prosperity, these projects will reduce bills and deliver huge benefits for the environment.

皇冠体育app government鈥檚 commitment to clean growth and innovation provides huge investment opportunities in the UK鈥檚 energy sector, which already employs 181,000 people and generates the most offshore wind power in the world. 皇冠体育app department has a global network of HMTCs and experts across more than 100 countries who are promoting the UK and attracting the backing needed to make these projects a reality.

皇冠体育app Department for International Trade (DIT) will promote these opportunities to investors in 108 countries through its global network of HMTCs and in-country experts.

皇冠体育app UK is Europe鈥檚 top destination for foreign direct investment, and recent data released by UNCTAD showed the UK had the second highest level of investment globally in the first six months of this year. Read Liam Fox鈥檚 response to this announcement.

It also has one of the world鈥檚 top five most innovative economies according to the Global Innovation Index, as well as four of the world鈥檚 top ten universities.

皇冠体育app UK鈥檚 energy sector is also well-complemented by a burgeoning advanced manufacturing sector which has over 100,000 companies, and more venture capital investment than other country in Europe.

UK Energy Capital Investment projects:

  • Carlton Forest Waste to Energy Plant, Worksop Nottinghamshire (拢60m): With a capital requirement of 拢60 million, this project provides an opportunity for investment in the development and operation of a waste to energy plant with diverse revenue streams and strong investment returns. 皇冠体育app developers will consider a variety of investor involvement to include combined debt and equity or co-investment. 皇冠体育app Project will be owned and operated under a special purpose vehicle to be set-up by the developers.

  • Bristol City Leap programme (拢1bn): Bristol City Council is seeking investment and development partners for a low carbon energy infrastructure programme of between 拢800 million and 拢1 billion. 皇冠体育app Council is open to a variety of investor involvement to include equity partners, co-investment or development funding. This is an early stage opportunity to shape the programme and offers the potential for a long-term relationship with this public sector partner.

  • CoGen Waste to Energy plant, Birmingham (拢190m): CoGen is offering an opportunity for investment into the development of a 拢190 million waste to energy facility in Birmingham. Using proven technology, the project benefits from a long-term contracted revenue stream and strong investment returns. CoGen will consider a variety of investor involvement to include equity investment, blended debt and equity, or co-investment. This project forms part of a strong development pipeline of waste to energy projects being developed by CoGen, leading to potential wider funding opportunities.

  • Mishergas Waster to Fuel plant, Avonmouth, Bristol (拢65m): Mishergas is offering an opportunity for investment into the development of a 拢65 million waste to fuel facility. 皇冠体育app project benefits from multiple revenue streams and strong investment returns. 皇冠体育app developers will consider a variety of investor involvement to include equity investment, blended debt and equity, co-investment or development funding. 皇冠体育app Project will be owned and operated under a special purpose vehicle to be set-up by the developers.

  • Reliagen integrated electric vehicle and battery storage facility, West London (拢40m): With a capital requirement of 拢40 million, this project provides an opportunity for investment in the development and operation of an integrated electric vehicle charging and battery storage facility. Reliagen is developing a pipeline of similar sites around London and other cities of the UK, where opportunities exist to integrate commercial scale electric vehicle charging hubs with battery storage facilities connected to the electricity grid. As a result, Reliagen is open to discuss wider development capital investment, as well as out-right purchase of this project鈥檚 development rights.

  • Gridserve Electric Vehicle Forecourt Network 鈥� UK Wide (拢1bn): With a total capital requirement of up to 拢1 billion, this project provides an opportunity for investment in the development and operation of a national network of electric vehicle forecourts. 皇冠体育app project has the potential to generate diverse and parallel revenue streams from a range of sources, delivering strong investment returns. GRIDSERVE will consider a variety of investment involvement to include equity, combined debt and equity, co-investment, and development funding. 皇冠体育app project鈥檚 capital funding will be phased over the development cycle.

  • Pivot Power, Integrated battery storage and electric vehicle charging project 鈥� UK wide (拢1.6bn): With a total capital requirement of up to 拢1.6 billion, this project provides an opportunity for investment in the development of a national network of integrated grid-scale battery storage and electric vehicle charging facilities. 皇冠体育app Pivot Power will consider a variety of investor involvement to include equity partners, co-investment or development funding. 皇冠体育app project鈥檚 capital funding will be phased over the development cycle offering the opportunity to partner with a market-leading project.

  • CoGen Waste to Energy plant, Cardiff, Wales (拢100m): CoGen is offering an opportunity for investment into the development of a 拢100 million waste to energy facility in Cardiff, Wales. Using proven technology, the project benefits from a long-term contracted revenue stream and strong investment returns. CoGen will consider a variety of investor involvement to include equity investment, blended debt and equity, or co-investment. This project forms part of a strong development pipeline of waste to energy projects being developed by CoGen, leading to potential wider funding opportunities.

  • Morlais Marine Energy Infrastructure project, North West Wales (拢35m): Menter M么n is offering an opportunity for investment into the development of a 拢35 million marine energy infrastructure facility. 皇冠体育app project benefits from stable revenue streams and strong investment returns. 皇冠体育app developers will consider a variety of investor involvement to include equity partners, co-investment or development funding. 皇冠体育app project offers investment opportunities into a market-enabling project.

  • Aberdeen Hydrogen Infrastructure development programme, Aberdeen and North East Scotland (拢850m): Aberdeen City Council is seeking investment and development partners for a 拢850 million hydrogen infrastructure development programme comprising a strategically co-ordinated range of subsidiary projects. 皇冠体育app Council is open to a variety of investor involvement to include debt and equity partners, co-investment, and development funding. This is an early stage opportunity to shape the programme and offers the potential for a long-term relationship with this public sector partner.

  • CoGen Waste to Energy plant, North Lanarkshire, Scotland (拢190m): CoGen is offering an opportunity for investment into the development of a 拢190 million waste to energy facility in North Lanarkshire, Scotland. Using proven technology, the project benefits from a long-term contracted revenue stream and strong investment returns. CoGen will consider a variety of investor involvement to include equity investment, blended debt and equity, or co-investment. This project forms part of a strong development pipeline of waste to energy projects being developed by CoGen, leading to potential wider funding opportunities.

Updates to this page

Published 15 November 2018