'Hundreds of jobs'

Chinese investor backs £800m green energy park

Gen Cannibal

Gen Cannibal: ‘showcasing Scotland’

Plans have been unveiled for a China-backed £800 million renewable energy park in the north east of Scotland with the capacity to power tens of thousands of homes.

It is estimated that 1,500 jobs will be created to build the energy park while a further 250 permanent jobs will be created in the operation.

The developer, Edinburgh-based Holistic Energy, hopes to begin building in 2023 and be operational by 2026. It is designed to deliver between 150 – 200 megawatts of green energy to supply to the Scottish grid.

The ambitious development is earmarked for a 40-hectare (99 acre) site close to the Peterhead power station.

It has attracted overseas interest from an investment group – North China Power Engineering (NCPE) – which has pledged £800m for the build-out phase.

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Holistic Energy has completed a feasibility and evaluation study of what will be the UK’s first holistic low carbon energy facility.

The feasibility study has produced an outline layout of the facility, the range of technologies to be used and how these will interact, to ensure the best possible efficiency and the lower environmental impact.

Concepts have already been drawn up to encompass and integrate several different energy generation technologies. These include a mixed fuel gasification and biomass plant, a green biodiesel production facility and an aerobic digestion (AD) plant.

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