Forth Energy, a joint venture between SSE and Forth Ports, has scrapped its plans to develop three major biomass projects worth £1.1bn ($1.83bn) in Scotland, UK.

However, the company is looking for other developers to take the biomass projects forward that were earlier proposed at Grangemouth and Rosyth.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Forth Energy said that it was withdrawing from the projects as SSE moved away from renewable energy projects.

Forth Energy is a joint venture between Perth-based SSE and Forth Ports.

Both the projects were expected to generate a combined capacity of 300MW of electricity and 260MW of heat and create 500 jobs during the construction stage.

"Forth Energy said that it was withdrawing from the projects as SSE moved away from renewable energy projects.."

The £325m investment in the Rosyth biomass project, which was approved by the Scottish government in January 2014, was expected to create hundreds of jobs in the region.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The company has canceled its proposal to build the biomass plant at the Port of Dundee following an objection from the city council.

Forth Energy’s plan to build a fourth renewable energy plant at Leith had been canceled in 2012.

According to the opponents of the company’s proposals, the biomass projects could result in more climate change, deforestation and pollution in the region.

Nri