Notts energy plant sold for £16.2m

Nottinghamshire-based anaerobic digestion (AD) firm Biogas Meden, which has a site at Welbeck, has been sold to John Laing Environmental Assets (JLEN) for £16.2m.

JLEN now has a portfolio of six AD projects and the total capacity of the renewable energy assets in the JLEN investment portfolio now stands at 279.2 MW.

The plant is located at the Welbeck Anaerobic Digestion Facility, near Mansfield.

The plant also has a 0.4 MWe CHP engine and is accredited under the Renewable Heat Incentive (RHI) and Feed-in-Tariff (FiT) schemes. The AD plant has been bought from a subsidiary of BayWa r.e Renewable Energy. Future Biogas will provide management, operations and maintenance services to the AD plants after the acquisition.

Richard Morse, chairman of JLEN, said: “This latest acquisition takes the company’s portfolio beyond £500m and delivers on the company’s recent ambition to further diversify its portfolio into the bioenergy sector. We are pleased to add another high-quality asset to our growing and well-diversified portfolio and to also see our partnership with Future Biogas continue.”