JLEN acquires Rainworth Energy AD plant
JLEN Environmental Assets Group has acquired a 100% equity stake in Rainworth Energy (REL).
REL holds the rights and operational assets that make up the Rainworth anaerobic digestion (AD) plant, a 2.2 MW electrical facility based in Nottinghamshire, UK, close to an existing AD plant held by JLEN – Biogas Meden.
The plant has been operational since 2016 and supplies both heat and power to Center Parcs’ Sherwood Forest resort. The facility is permitted to accept up to 42,000 tonnes per annum of feedstock and is accredited under both the Feed-in-Tariff and the Renewable Heat Incentive schemes.
JLEN acquired REL from a consortium of sellers for consideration of £5.8 million (€6.7 million), subject to adjustment for working capital.
Richard Morse, chairman of JLEN, said: “We are pleased with JLEN’s latest investment into the AD sector, bringing the total number of agricultural AD plants in the portfolio to nine.
“We look forward to supplying Center Parcs with a combination of renewable heat and electricity and providing organic fertiliser to the local farming community.”
REL holds the rights and operational assets that make up the Rainworth anaerobic digestion (AD) plant, a 2.2 MW electrical facility based in Nottinghamshire, UK, close to an existing AD plant held by JLEN – Biogas Meden.
The plant has been operational since 2016 and supplies both heat and power to Center Parcs’ Sherwood Forest resort. The facility is permitted to accept up to 42,000 tonnes per annum of feedstock and is accredited under both the Feed-in-Tariff and the Renewable Heat Incentive schemes.
JLEN acquired REL from a consortium of sellers for consideration of £5.8 million (€6.7 million), subject to adjustment for working capital.
Richard Morse, chairman of JLEN, said: “We are pleased with JLEN’s latest investment into the AD sector, bringing the total number of agricultural AD plants in the portfolio to nine.
“We look forward to supplying Center Parcs with a combination of renewable heat and electricity and providing organic fertiliser to the local farming community.”
