Firm which powers Center Parcs sold in £5.8m deal

JLEN, the listed environmental infrastructure fund, has bought Rainworth Energy (REL) for £5.8m.

REL runs the Rainworth anaerobic digestion (AD) plant, a 2.2MW electrical plant based in Nottinghamshire, close to an existing AD plant held by JLEN, Biogas Meden. The plant has been operational since 2016 and supplies both heat and power to Center Parcs’ Sherwood Forest resort. The plant has been acquired from a consortium of sellers.

The acquisition increases the total capacity of renewable energy assets in the JLEN investment portfolio to 310.7MW. The investment was funded by a drawdown from JLEN’s revolving credit facility.

Richard Morse, chairman of JLEN, said: “We are pleased with JLEN’s latest investment into the AD sector, bringing the total number of agricultural AD plants in the portfolio to nine. We look forward to supplying Center Parcs with a combination of renewable heat and electricity and providing organic fertiliser to the local farming community.”