Helius Set to Receive Subsidies for Whisky Waste-to-Power Plant
Stock Chart for Helius Energy PLC (HEGY)
Helius Energy Plc (HEGY)’s plant in Scotland that generates power using waste products from whisky production is set to start receiving premium payments for its electricity under Britain’s renewables support program.
The company’s 8.3-megawatt facility in Rothes, northeast Scotland, is eligible for about 43.8 pounds ($67) for every megawatt-hour of power produced under the Renewable Obligation program. The plant can generate enough electricity for about 9,000 homes, London-based Helius said today in a statement.
Construction began last year and cost about 60.5 million pounds, according to the statement. Heat and power produced from biomass that includes agricultural waste and wood chips may meet 8 percent to 11 percent of primary energy demand in eight years, the Department of Energy and Climate Change says.
Helius plans to build biomass projects including a 100- megawatt wood-to-power plant in Avonmouth, southwest England.
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