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.”