John Laing Environmental Assets has acquired another anaerobic digestion (AD) plant.
The deal for the 5MWth Warren AD plant in Methwold, Norfolk, is valued at £14.8m subject to additional deferred payments up to £0.8m.
Commissioned in December 2015, the plant produces biomethane primarily for grid injection and also burns it in a 0.5MWe CHP engine to produce power, earning both RHI and FiT payments.
The Warren AD plant has been acquired from EIS funds managed by Amersham Investment Management and minority shareholders, Future Biogas Ltd (FBL).
FBL will continue to provide management, operations and maintenance services to post-acquisition. FBL provides O&M to other JLEN AD assets, including the Vulcan, Merlin, Biogas Meden, Egmere and Grange Farm plants acquired by the fund since it entered the market two years ago.