Helius Energy is a biomass energy development company delivering a portfolio of projects. Since the company’s admission to AIM in January 2007, Helius has met its original targets.
During September 2008 Helius sold its Stallingborough 65MWe Net Capacity project, as planned.
In August 2009 a joint venture, Helius CoRDe Ltd, was formed with the Combination of Rothes Distillers, comprising the major distillers of Speyside in Scotland. CoRDe was formed to take forward the 7.2MWe Net Capacity CHP project which Helius has been developing since before its admission to AIM. On 13 April 2011, Helius announced financial close for this project, bringing in additional equity investment from Rabo Project Equity BV and debt funding from Lloyds TSB Bank plc and the Royal Bank of Scotland plc, enabling the project to progress into construction.
Sale of the Stallingborough project provided sufficient funds for the development of the existing portfolio of projects.
Helius has strengthened its team, increasing its capacity for site selection, consenting and engineering procurement.
In November 2008 Helius announced proposals to promote a 100MW biomass fuelled electricity generating station on a site within the operational area of the Port of Bristol at Avonmouth. On 26th March 2010, the Department of Energy and Climate Change granted consent under S36 of the Electricity Act 1989 and gave deemed planning permission for the project. This project is progressing well towards a complete suite of commercial contracts that will enable funding to be sought and with positive developments regarding CoRDe there is positive interest amongst prospective partners.
In August 2010 Helius announced proposals to promote a 100MW biomass fuelled electricity generating station on a site within the Western Docks of the Port of Southampton. A dedicated project website (www.southamptonbiomasspower.com) was launched in November 2010 at the start of community consultation on the proposed scheme and provides further information on the proposals.
Further sites are being progressed.
Helius Energy is a responsible and ethical company and is totally committed to being a sustainable business. The company’s Sustainability Policy is designed to ensure ecological, social and climate change impacts are minimised, particularly in its feedstock procurement, to ensure the business exceeds UK and EU targets associated with these areas.