PwC Corporate Finance acts as financial advisor on the sale of 28 MWe Cramlington biomass plant
The PwC Corporate Finance team is pleased to announce it has advised Cramlington Renewable Energy Developments Holdco Limited (in administration) on sale of the 28MWe biomass Combined Heat and Power (CHP) plant in Cramlington, Northumberland, to JLEN Environmental Assets Group Limited.
The plant originally reached financial close in 2015 and commenced commercial operations in 2018 following construction completion. The project benefits from a mix of diversified revenue streams underpinned by Renewable Obligations Certificates (ROCs) and long-term offtake arrangements for both electricity and heat to local offtakers.
PwC acted as exclusive financial advisor to Cramlington Renewable Energy Developments Holdco Limited on the sale of the Cramlington biomass plant. The PwC team consisted of Matt Denmark, Robert Senger, Dipti Bhudia and Joss Crewdson.
"We are delighted to have advised on this transaction, which demonstrates the continuing investor interest in bioenergy assets in the UK."
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