By Mark Williamson, heraldscotland:
AIM-listed Helius Energy said work on a 7.2-megawatt plant in Rothes is progressing well, on time and on budget.
A collaboration between Helius, a group of distillers and Holland’s Rabo bank, the plant will generate energy from by-products of the Scotch whisky industry such as the residue of grain husks. The £60 million plant will be capable of generating enough power for 9000 homes.
Directors believe the progress achieved to date has helped demonstrate the company’s ability to deliver projects that could help the UK move to a low carbon economy. Chief executive Dr Adrian Bowles noted that Helius is now in the final stages of delivering the project, called CoRDde, four years after it was announced.
He said: “Helius has shown its ability to develop, finance and manage the construction of biomass projects to budget and timetable.”
Dr Bowles said Helius is also in the last stages of finalising the funding needed to develop a 100 MW biomass plant at Avonmouth on the Bristol Channel… Read more