Power giant E.ON has submitted planning application to build a biomass power station at Blackburn Meadows in the UK said to be worth over $120m.
The renewable energy plant will be capable of producing enough power for about 40,000 homes by burning carbon neutral fuels such as recycled wood and specially grown crops such as willow to cut emissions of 80,000 tonnes of CO2 every year.
E.ON project manager Nilton Chan said: "If approved, this new project will breathe new life into the redundant Blackburn Meadows site and is a great opportunity for us to help the city of Sheffield to play its part in tackling global climate change.
"The development will also bring social and economic benefits to the area including a special fund that we're planning to launch to support local projects around the site."
Another E.ON biomass development, Steven's Croft, is set to be opened in Lockerbie, Scotland next week.
Thomson Financial also reports today that E.ON chief executive officer Wulf Bernotat has called for a unified power grid for Germany, citing comment in Handelsblatt that he has said the current system "has never really worked properly".
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