LONDON, Dec. 28, 2011 /PRNewswire via COMTEX/ –
Black Pearl Capital Partners (“BPCP”) today announced that it has acquired a 118 acre infrastructure site near Blackburn, UK. The site which formerly operated as the Sappi Paper Mill is BPCP’s latest UK acquisition in its strategy to develop renewable energy parks that focus on biomass power, water treatment and bio-fuels production.
The paper mill in Feniscowles, Blackburn is the third renewable energy site BPCP has obtained alongside Aeternum Capital, its co-investor and asset manager. Proposals for the site will include a renewable power generation facility as well as the potential for a residential redevelopment.
“We are excited about adding another renewable energy park to our portfolio,” said Reza Irani-Kermani, CEO of Black Pearl Capital. “The site in Blackburn is our third large brownfield site in the UK, and it has the potential
Read More from the Article Source: http://www.marketwatch.com/story/black-pearl-capital-partners-acquires-former-blackburn-paper-mill-as-it-continues-development-of-its-uk-renewable-energy-parks-2011-12-28
You have to Login