Thursday 16 August 2018

UK investment firm buys anaerobic digestion plant for £18m

UK investment firm John Laing Environmental Assets Group (JLEN) has bought an anaerobic digestion (AD) plant for £18 million.

Investment manager Downing sold the Merlin AD facility in Hibaldstow, North Lincolnshire, which has a thermal capacity of 5MW and predominantly produces biomethane to be injected to the national gas grid.

The plant also has a 0.5MW combined heat and power (CHP) engine and is accredited under the Renewable Heat Incentive (RHI) and Feed-in Tariff (FiT) schemes.

The latest acquisition brings JLEN’s total renewable energy capacity to 274.2MW.