Tamar Energy Receives £7.0M in Funding
Tamar Energy Limited, a UK-based company focused on producing energy from organic waste matter, has received £7.0m (approximately $11.3m) in funding from European cleantech investor Ludgate Environmental Fund Limited.
The company intends to use the funding to develop and build food and mixed waste anaerobic digestion plants that produce renewable energy.
Launched in February 2012, backed by a strong investor group (including RIT Capital Partners plc, the Duchy of Cornwall, Fajr Capital, Sainsbury’s, and others), who are contributing over £76.3m to establish the business, Tamar Energy will develop a UK network of over 40 anaerobic digestion plants to generate 100MW of green electricity over the next five years.
The company is led by Executive Chairman Alan Lovell.