External view of a factory


Powering the UK using sustainable biomass

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

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Sector Energy
Sub-sector Renewables
Location United Kingdom


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.


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.


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.


600,000 homes

£650 million+

of senior debt raised

Creating jobs

600 during construction and 100 during operation


of low carbon electricity each year

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