Biomass and CHP Financing

Biomass in the UK has seen a huge surge in the past 12 months. This has been largely due to the doubling of ROC's (Renewable Obligation Certificates) for qualifying biomass projects. It is also driven by the appetite of the utilities and independent developers for a more diversified portfolio of renewable generating assets and the need for waste generators e.g. local authorities in respect of waste wood, and retailers in respect of food waste, to deal with their waste more effectively. The Green agenda is driving this particular part of the sector as is the increasing cost of landfill and the psychological shift in thinking of waste as a cost to a resource.