External view of a factory
External view of a factory

Energy

Powering the UK using sustainable biomass

Development and acquisition of £900 million MGT Teesside biomass power station.

Sector Energy
Sub-sector Renewables
Location United Kingdom

Opportunity

To boost local economic activity and lower carbon emissions, MGT Power set out to construct the world’s largest new-build biomass plant in Teesside, UK.


Approach

Together, Macquarie’s businesses partnered with MGT to commercialise, structure and finance the development, funding 50 per cent of the equity and raising the remaining funds needed to source this sustainable fuel supply.

Outcome

The world’s largest new build dedicated biomass power station, boosting the economy of North-East England by £20 million each year for consumers and businesses.

Powering

600,000 homes

£650 million+

of senior debt raised

Creating jobs

600 during construction and 100 during operation

2.3TWh

of low carbon electricity each year

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