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Thainstone Energy Park - Agile Energy Recovery

Energy solutions for the people. A £320 million investment opportunity to build an integrated resource recovery plant. It'll produce electricity, deliver heat to the community, produce hydrogen and capture CO2 for sequestration and utilisation. This will deliver a significant carbon impact with annual reduction of 350,000 tonnes of CO2e.

A 3D model of the completed Thainstone Energy Park

Developing clean energy

Get involved in impact investment in an Integrated Resource Recovery Facility (IRF) that has the buy-in of the local community. Agile Energy is developing an energy park to supply EV charging, power, heat, hydrogen and carbon capture. The site, grid connection, planning approval, power purchase agreement, fuel supply and build contracts are all secured.

Using advanced technology that's up to 100% more efficient than comparable EfW builds, the plant will supply heat to the local community, but with capacity for an extensive heat network stretching into Aberdeen City with high-capacity EV charging along the route. There are also plans to further extend the reach of low-carbon affordable heating using road transportable heat batteries.

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

Value £320 million

  • Energy and circular economy sector

  • Flexible debt and equity mix

  • Located in Inverurie, Aberdeenshire

Source: Agile Energy Recovery websiteopens in a new window 

About the opportunity

Agile Energy Recovery Ltd is developing a low carbon energy park near Inverurie. The power plant is due to go online in 2025 and construction work is expected to start in 2022, following the successful planning and licensing applications.

The development is a renewable energy park with community-owned district heating infrastructure. It will extend to rural areas with heat batteries.

It will produce 32MW electrical and up to 70MW thermal, which will catalyse several complimentary projects, including a community district heating network in Inverurie. The heat component is to be gifted to a newly formed and registered Community Energy Company.

Potential exists to extend the scheme to augment Aberdeen’s CHP scheme with low carbon heat and power, and using heat batteries, to rural communities across north-east Scotland.

The project is part of the Scottish Cluster which supports Scotland’s net zero goals by uniting communities, industries and businesses in delivering CCS, hydrogen and other low carbon technologies.

The project has identified and secured the best brownfield site in the region and has full planning permission for the development. 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 Fine Papers Mill at Stoneywood in Aberdeen.

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 plans to supply heat as its contribution to the local community.

The project will use proven technology with an integrated advanced design approach, which will enhance both overall and electrical efficiency by up to 100% 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

£320 million sought — to be invested in both the Power Plant build and the District Heating Delivery System, green hydrogen and CCUS. A flexible debt and equity mix is likely, to suit new and existing investors.

Learn more about the project on the Agile Energy Recovery websiteopens in a new window 

Alignment to the United Nation’s Sustainable Development Goals

The Green Investment Portfolio support the UN’s Sustainable Development Goals.  The projects in the portfolio support the goals below:

Want to find out more about UK commercial property and investment opportunities?

Phone: +44 300 013 2734opens in a new window 

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.