Inverurie Energy Park - Agile Energy Recovery

Energy solutions for the people. A £200 million investment opportunity to build a green energy power plant and district heating network.

Get involved in impact investment in a Energy-from-Waste (EfW) plant that has the buy-in of the local community. Agile Energy Recovery is developing an energy park to supply EV charging, power and heat.​

Using advanced technology up to 30% more efficient than comparable EfW builds, the plant will supply heat free of charge to its local community, but with capacity for an extensive heat network stretching in to Aberdeen City and EV charging along the route.

Flexible debt and equity options available for power plant and network build and operation.

Value £200 million

Energy and circular economy sector

Debt (80%) Equity (20%)

Located in Inverurie Aberdeenshire

More on the Agile Energy Recovery website

Agile Energy Recovery Ltd is developing a low carbon energy park near Inverurie. The power plant is due to come online in 2022 and construction work is expected to start in 2020, following successful planning and licensing applications.

The development is a renewable energy park with community owned district heating infrastructure and extending to rural areas with heat batteries.

It will produce 35MWe and up to 70MWth. The heat component is to be gifted to a newly formed and registered Community Energy Company.

The project will catalyse a community district heating scheme in Inverurie, and potential exists to extend the scheme to augment Aberdeen’s CHP scheme with low carbon heat and power.

The project has identified and secured the best brownfield site in the region with low planning hurdles. The location lends itself well to the development of an extensive heat network in the immediate locale with plans to provide a high power EV charging network along the route.

Plans are also proposed to supply and accept heat from the Arjowiggins Fine Papers Mill at Stoneywood.

The project has partnered with Energy4All the UK’s largest community energy enabler to assist the community energy cooperative to build, own and operate the district heating network into which the project will supply free heat as its contribution to the local community.

The project will use proven technology with an integrated advanced design approach that will enhance both overall and electrical efficiency by around 30% compared with competitive design approaches and project development strategies.

The project will produce enough electricity to power 56,000 average UK homes and heat for up to 40,000 homes.

Investment opportunities

£200m sought - to be invested in both the Power Plant build and the District Heating Network. Flexible (80%) debt and (20%) equity mix to suit new and existing investors is required.

More on the Agile Energy Recovery website

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Disclaimer

Whereas every effort has been made to ensure that the information in these pages is accurate, Scottish Enterprise and Scottish Development International does not accept any liability for errors, omissions or misleading statements. And no warranty is given, or responsibility accepted as to the standing of any individual, firm, company or other organisation mentioned. Investors will need to undertake their own due diligence in conjunction with individual project promoters/sponsors in relation to the detailed project investment opportunities presented.