NSW Sugar Milling Co-op sells electricity co-generation plants

19 November 2013

THE NSW sugar industry’s cutting edge electricity cogeneration plants have been sold, pumping new life into both the State’s renewable energy industry and the cane growing game.

Global asset manager Capital Dynamics, which specialises in private equity and clean energy infrastructure, has partnered with the NSW Sugar Milling Co-operative to see the potential of the two 68 megawatt Northern Rivers plants come to fruition.

Co-op chief executive officer Chris Connors said the target was for whole-of-cane harvesting to be the practice within three years.

He said the new investment showed a great deal of confidence in the business plans of the co-operative and its long-term sustainability given the cogeneration plants depended on the success of cane growers.

Read the full story at The Land, Green Energy to Burn, 19 November