Greenvolt acquires KREL for £195.3 million

Greenvolt Group buys Kent Renewable Energy Limited, increasing its biomass production capacity in England.

Share:

Greenvolt Acquiert KREL pour 195,3 Millions de Livres.

Gain full professional access to energynews.pro from 4.90$/month.
Designed for decision-makers, with no long-term commitment.

Over 30,000 articles published since 2021.
150 new market analyses every week to decode global energy trends.

Monthly Digital PRO PASS

Immediate Access
4.90$/month*

No commitment – cancel anytime, activation in 2 minutes.

*Special launch offer: 1st month at the indicated price, then 14.90 $/month, no long-term commitment.

Annual Digital PRO Pass

Full Annual Access
99$/year*

To access all of energynews.pro without any limits

*Introductory annual price for year one, automatically renewed at 149.00 $/year from the second year.

Greenvolt Group has announced the acquisition of Kent Renewable Energy Limited (KREL) for £195.3 million. KREL owns a biomass-fired heat and power plant in Sandwich, in the south-east of England. This acquisition consolidates Greenvolt’s position in the UKbiomass energy market. Biomass remains a controversial topic in the UK, generating much debate.

Increased Production Capacity

In 2023, the KREL plant produced around 210.8 GWh of energy, enough to supply 50,000 homes. The plant also supplies energy to nearby industrial parks, with the surplus distributed to the grid under a long-term contract with Engie. This acquisition brings Greenvolt’s total biomass production capacity to 179.2 MW, including 68.7 MW in England.

Financial and market outlook

Greenvolt’s acquisition of KREL reinforces its diversification strategy in the renewable energy sector. The plant benefits from UK financial incentives, including the Renewable Obligations Scheme (ROC) until 2037 and the Renewable Heat Incentive (RHI) until 2039, ensuring stable long-term revenues. These incentives provide financial stability and encourage investment in sustainable energy infrastructure.

Continuous Development and Market Impact

With this acquisition, Greenvolt has become one of the top five producers of biomass electricity in England. The group also owns Tilbury Green Power near London, with an installed capacity of 41.6 MW using construction wood residues as fuel. In 2023, Greenvolt generated 998.3 GWh of green energy from biomass. Greenvolt Group’s acquisition of KREL strengthens its presence in the UK biomass energy market, consolidating its production capacity and ensuring stable revenues thanks to UK financial incentives. This expansion enables Greenvolt to meet the growing demand for renewable energy while improving its competitiveness and seizing new growth opportunities.

Teréga and GRDF have commissioned a backfeed station in Lot-et-Garonne, showcasing their cooperation to adapt gas networks to the rise of locally produced biomethane in Nouvelle-Aquitaine.
Anaergia’s Italian subsidiary has been selected by Nortegas Renovables to build a biomethane facility in Andalusia using agricultural residues.
Mondi SCP will build a new biomass power plant in Ružomberok to boost energy self-sufficiency from 75% to 90% by 2027, with a €120mn ($129mn) investment supported by the European Union’s Modernisation Fund.
With a new EnviThan facility in Aube, EnviTec Biogas reaches 40 units in operation in France and confirms its deployment pace in the biomethane market.
Southwest Gas has submitted an agreement to the California Commission to inject biomethane produced from food and wastewater into its network, in line with SB 1440 regulatory requirements.
Quercus Real Assets and Elionia finalise a €76 mn bank financing to build three biomethane plants in Italy, with 50% of the debt guaranteed by SACE.
VINCI, through its subsidiaries, has established itself in the construction of Spain’s largest second-generation biorefinery, a €1.2bn project aimed at supplying 500,000 tonnes of sustainable fuels per year.
Ameresco commissions a biomethane facility in Lee County, processing 4,500 cubic feet of landfill gas per minute, and directly injects this renewable gas into the transmission network to reduce emissions and strengthen energy security.
A $24mn financing supports the construction of a 4.8 MW biomass plant designed to replace diesel in Opitciwan, bringing jobs and enhanced energy security for the Atikamekw community.
SUEZ and RATP Group formalise a supply contract for 100 GWh of renewable electricity per year, over a maximum period of sixteen years, powering the operations of the world’s third largest urban transport operator.
Valmet has secured a contract to supply a biomass boiler and flue gas cleaning system to Saica Group for its production site in El Burgo de Ebro, Spain, as part of its decarbonisation plan.
Qarlbo Biodiversity signed a memorandum of understanding with Woodland Biofuels for the delivery of thinned pine wood from managed forests in the United States to supply the Canadian company’s biomass operations.
The Canadian group Thermal Energy International has secured a CAD 1.4 million contract to install a heat recovery unit at a European malted barley producer, aiming to reduce energy costs and polluting emissions.
The asset takeover process of Global Bioenergies, under a pre-pack disposal procedure, has been extended until 18 July at noon, following requests from potential bidders seeking additional time to assess the French company's financial situation.
SIAAP and SUEZ have inaugurated a new biogas production unit at the Seine Aval wastewater treatment plant, the largest in Europe, as part of a modernization project to strengthen the energy sovereignty of the Paris region.
Canadian company Hydron Energy will supply its innovative INTRUPTor-Mid technology to produce renewable natural gas in Ontario, marking its first commercial order in the biomethane sector with a promise of significant cost reductions.
US President Donald Trump has ratified a law extending until the end of 2029 the tax credit on renewable natural gas production from biomass and animal manure, aiming to boost the rural economy.
Valmet secures a contract to deliver a bubbling fluidized bed biomass boiler and flue gas handling equipment to Kraftringen Energi's upcoming combined heat and power plant, aimed at strengthening energy supply in Sweden.
Elcimaï Environnement has completed a methanisation unit integrated into Laon's wastewater treatment plant, now enabling the conversion of sludge and bio-waste into biomethane injected into the local grid, meeting the annual energy needs of 1,150 households.
Infrastructure manager Teréga and GRDF inaugurated in Auch, Occitanie, the region’s first biomethane reverse-flow station, designed to facilitate biomethane transfer from the distribution to the transport network, representing an investment of €3mn ($3.27mn).

Log in to read this article

You'll also have access to a selection of our best content.