Newbridge Energy will be doubling the size of its workforce and installing three biomass generating units in North Wales after a multi-million pound investment from the independent energy and environmental investment company, Iona Capital. Newbridge Energy will increase its workforce to 48 people over the next six months.
The three new wood-chip biomass CHP plants at Ruthin will generate a combined output of 3MWe of renewable electricity and 12MWh of reusable heat and are set to enter operation before the end of the year (2016). The units will qualify for ROCs and the Renewable Heat Incentive (RHI) under the UK Government’s tariff support mechanism for renewable power and heat.
Newbridge Energy is managed by Phil Wildbur and Darren Davies who originally acquired the business in 2014 and remain significant shareholders in the company.
Newbridge’s main operating subsidiary, Blazer Fuels, is based at Ruthin and processes approximately 20,000 tonnes of virgin wood offcuts each year into premium wood fuel pellets and other products. The plant is located adjacent to a fence post manufacturing plant which supplies the majority of its wood offcuts under a long term supply agreement.
