John Lanig Environmental Assets (JLEN) has acquired a 5MW anaerobic digestion plant for around £11m.
The Icknield Farm AD plant, at Ipsden, South Oxfordshire, produces green gas for grid injection and also has a 400kW CHP that generates both RHI and FiT payments.
The investment is JLEN’s second in AD, following a £15m deal for Vulcan Renewables last August, with the firm intent on building a more diversified portfolio.
Chairman Richard Morse indicated JLEN is keen to buy more anaerobic digestion.
“The AD sector is attractive to JLEN due to the high proportion of inflation-linked revenues backed by government subsidy regimes, and we look forward to working with our partners in the sector,” he said.
The acquisition takes JLEN’s total renewable portfolio to 259MW.