BayWa r.e. has sold its biomethane plant located in Nottinghamshire, about 25 miles southeast of Sheffield. The plant was BayWa r.e.’s first biomethane plant to be installed in the UK. Co-developed with AcrEnergy Ltd. and EPC-packaged by BayWa r.e back in 2016, it has now been sold to the environmental infrastructure investment fund John Laing Environmental Assets Group Limited.
Courtesy of BayWa r.e.
The plant deploys the most modern technology in Europe and has been operating at full capacity after successfully managing its ramp-up. With RHI certification (Renewable Heat Incentive), it benefits from several fixed inflation-adjusted subsidies over 20 years. Every year, some 40,000 tonnes, mostly agricultural residual materials, are fermented and processed into biomethane. The maximum gas supply capacity is approximately 500 Nm³/h.
“We are glad to announce the sale of the Sherwood biomethane plant to such an environmentally oriented company as JLEN,” said Matthias Taft,Board member of BayWa AG.
Chris Holmes, Director of John Laing Capital Management and co-lead adviser to JLEN, added, “We are delighted to transact for the first time with BayWa r.e. and hope to build on a promising relationship. The Sherwood biomethane plant will be the 6th anaerobic digestion asset that JLEN has invested in as it seeks to continue to grow its portfolio in this exciting sector.”