The hunt is on for a new operator for a proposed £465 million biomass plant after the developer announced it was pulling out of the project.
The Scottish Government granted permission for the Forth Energy project after a public inquiry in 2012, but now the very future of the plant is in doubt.
Forth Energy, a joint venture between Forth Ports and Scottish and Southern Energy (SSE), announced on Wednesday it is withdrawing from the scheme due to SSE now concentrating on its core business of electricity supplies and moving away from biomass, wind and wave power schemes because of doubts about their viability.
Forth Energy stated: “We confirm we are not continuing with plans to develop the Grangemouth wood fuelled renewable energy project. We are investigating options to attract other developers to take the project forward.”
Councillor Robert Spears said: “Good news for Portonians as the fear of another power plant coming to the town has now stalled.”
Former members of Grangemouth Community Council who fought against Forth Energy’s proposal celebrated the news, despite the fact it was the government’s decision in favour of Forth Energy after the public inquiry which eventually led to all members of the community watchdog resigning.
Forth Energy has also pulled out of a similar project in Rosyth and withdrawn its application for another proposed biomass plant in Dundee.