Tamar Energy - www.tamarenergy.net - has raised £7m from the Ludgate Environment Fund. Tamar Energy, which produces energy from organic waste matter, was launched in February 2012. It is backed by an investor group led by RIT Capital Partners plc and Fajr Capital, alongside the Duchy of Cornwall, Lord Rothschild's Family Interests, Sustainable Technology Investments and Low Carbon Limited. The investors are contributing over £76.3m to establish the business, which will involve the development of a UK network of over 40 anaerobic digestion plants with the capacity to generate 100MW of green electricity over the next five years. Tamar Energy is headed by Alan Lovell, previously the Chief Executive of Infinis Limited, who holds the role of Executive Chairman.
The £7m from Ludgate will be used for the development and construction of food and mixed waste anaerobic digestion plants that produce renewable energy. According to Ludgate, Tamar has an advanced pipeline of projects as well as experienced engineering and construction partners with proven success in the UK.
Tamar announced earlier this year the entry of Sainsbury’s both as an investor and strategic partner. Sainsbury's, which is the leading UK retail user of anaerobic digestion, is working with its suppliers to help them access Tamar’s plants.
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