Thursday, 23 February 2012

UK energy business bags £65m start-up funding!

UK-based renewable business Tamar Energy has launched, raising £65m (€77m) from a group of investors including the Duchy of Cornwall.

Other investors in the waste-to-energy company include RIT Capital Partners, Fajr Capital (an investment firm backed by the Abu Dhabi Investment Council, the Government of Brunei Darussalam, Khazanah Nasional of Malaysia and the Al Subeaei Group), as well as Lord Rothschild’s Family Interests, Sustainable Technology Investments and Low Carbon.

The company has also formed a commercial partnership with UK supermarket chain Sainsbury's. Tamar Energy intends to develop a network of 40 anaerobic digestion plants across the country to generate 100MW of green electricity over the next five years. 

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