Esken renewables Anguilla

Who owns Esken Renewables Limited?

Pioneer Point Partners LLP, the sustainable infrastructure investment firm, has entered into an agreement for a new investment from its fund, Pioneer Infrastructure Partners SCSp. The Fund has agreed to acquire Esken Renewables Limited, the UK’s number one supplier of sustainable waste-derived biomass fuel for £108m.

Who is Esken renewables?

The Fund has agreed to acquire Esken Renewables Limited, the UK’s number one supplier of sustainable waste-derived biomass fuel for £108m. Esken Renewables is a wholly owned subsidiary of the London Stock Exchange-listed UK infrastructure company, Esken Limited.

What happened to Esken renewables?

On February 2, 2023, the company reported that Esken Renewables’ biomass plant customers had experienced unplanned outages during the winter months, reducing the total volume of waste wood supplied by Esken and the associated gate fee income.

Why did pioneer Balmoral buy Esken renewables?

The managers of Pioneer Balmoral UK, Pioneer Point Partners LLP, explained on their website that they were acquiring Esken Renewables with a strategy to continue scaling the business. They added: ‘The Company is strongly aligned with Pioneer’s objectives of contributing to the green transition and to the circular economy.’

Does Esken renewables have a sub supply agreement with Chilton biomass?

As announced previously, Esken Renewables also entered into a new sub supply agreement to support the Chilton Biomass plant, replacing the supply provided by the Port Clarence processing and storage site, creating an additional £0.9m of annual recurring EBITDA from April 1, 2023.

Is Esken Renewables a positive outcome?

“The sale of Esken Renewables is a positive outcome set against a persisting challenging market with an increase in interest rates over the last 12 months that has supressed M&A activity.