Plutus PowerGen currently has 44.5% ownership of six operating sites, equivalent to 120MW (‘Rockpool portfolio’).
Plutus PowerGen’s flexible energy generation sites use established, reliable technology based on containerised generators, fired with biofuel. In line with its strategic shift to the development of higher-margin gas operations, the Company is looking to dispose of these sites and is in advanced discussion with potential buyers.
Case Study: Plymouth site
A 20MW operation was built on the site of the former Toshiba television factory in Ernesettle.
Although the Company’s sites are operated remotely and thus do not create local employment opportunities, the Company is keen to contribute to the communities in which its facilities are located. It therefore offered an undertaking to Plymouth City Council that it would provide up to £50,000 to support good causes located in the same ward as its site. So far, it has contributed to projects relating to infrastructure, sport and education.
“Thank you, this is a great opportunity for the club to move forward and create more wheelchair rugby and social activities for disabled people in the Plymouth area.” - Hawks Founder and Coach
“The Plutus PowerGen pledge was a great boost to our project.” Ocean City Powerchair Football Club Chairperson
“The pledges from Plymouth City Council and Plutus PowerGen definitely boosted the support for the project from the community. Work can start on installing security gates and rotavating the land, ready to allocate plots to residents. It actually feels real now!” – Neighbourhood Warden, Four Greens Ernesettle Community Allotment