Foresight acquires 2.5MW AD plant on Isle of Wight
Foresight Group LLP has completed the acquisition of an operational Anaerobic Digestion (AD) plant on the Isle of Wight for an undisclosed sum.
25th July 2018 by Networks
The 24-acre site at Arreton has a CHP plant to provide 250kW of electrical power generation capacity to power the facility (and related waste heat use), c.580 Sm3 (standard cubic metres) per hour of biomethane export capacity to grid (plus related CO2 sales) and capacity to process in excess of 50,000 tonnes per annum of energy crops whilst benefiting from FIT and RHI revenue.
Foresight has established a market leading position in AD having previously invested into 20 greenfield and operational AD plants across the UK and an additional five operational plants in Germany with a combined capacity of 36.5MW.
Charlie Sheldon, Foresight Group LLP said:”We are delighted to have completed the acquisition of this operational AD plant, our first on the Isle of Wight, which comprises the latest component in our growing AD portfolio. We look forward to making further acquisitions as part of our wider AD aggregation strategy.”
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