StockMarketWire.com - Environmental infrastructure fund Jlen said it had acquired Cramlington Renewable Energy Development, owner of a biomass combined heat and power plant.

Terms of the deal were not disclosed.

The plant, located to the north west of the town of Cramlington in Northumberland, utilised technology to process a diversified biomass fuel mix, creating up to 28MW of electrical power and 8MW of heat for export via private wire to industrial customers and the grid.

The acquisition represented Jlen's first investment into a large-scale biomass combined heat and power plant.


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