John Laing Environmental Assets has acquired Vulcan Renewables for £15.3m.
The firm’s principle asset is a 5MWth anaerobic digestion plant in Hatfield Woodhouse, near Doncaster. It was commissioned in 2013, produces mainly biomethane and was one of the first commercial biogas-to-grid projects in the UK. It also has a 0.5MWe CHP engine with RHI and has both Renewable Heat Incentive and Feed-in Tariff (Fit) revenue streams.
The acquisition, from Venture Capital Trusts, is in conjunction with operator Future Biogas and brings the total capacity of the renewable energy assets in the JLEN portfolio to 230.2 MW.
The deal is the infrastructure fund’s first AD investment and comes at a time when several larger energy companies are launching or stepping up marketing of green gas products to business customers.