GALWAY, IRELAND--April 8, 2014 --Written by Martin Lynch, European News Editor for Industrial Info (Galway, Ireland) Forth Energy has scrapped a number of U.K. biomass projects worth more than €1.3 billion ($1.8 billion).

The joint venture company said it will look for developers to take the consented projects forward but would no longer look to develop them itself as a key partner has reduced its investment plans for renewables.