The London-based green investment boutique that recently bought over Green Highland Renewables has acquired two more green energy businesses in south Britain.
Ancala Bioenergy has acquired Biogen, a leading owner and operator of anaerobic digestion plants in the UK, for an undisclosed sum from 50/50 joint venture partners Bedfordia Group and Kier Group.
Ancala Renewables – part of the Ancala Group – last month acquired the Perth-based hydro-power company for an undisclosed sum.
Biogen owns and operates a portfolio of seven anaerobic digestion plants in England and Wales that provide cost-effective, low carbon, food waste management solutions.
Working with supermarkets, the hospitality industry, food manufacturers and local authorities across the UK, the plants recycle around a quarter of a million tonnes of food waste each year.
The anaerobic digestion technology enables the plants to convert the food waste into renewable energy and nutrient-rich biofertilizer which is PAS 110-certified. With an installed generation capacity of approximately 13MW, Biogen’s anaerobic digestion plants produce enough green energy to power 25,000 homes. It is an important component in the UK’s commitment to generating renewable energy and reducing waste to landfill, and as such, Biogen’s plants benefit from a combination of index linked Renewables Obligation Certificate, Feed-in-Tariffs and Renewable Heat Incentive subsidies.
Spence Clunie, Managing Partner, Ancala Ltd LP, commented: “Biogen is well known in the industry as one of the leading owners and operators of anaerobic digestion plants. The team has over 10 years of experience in the sector and their operational excellence and commercial reach provide Ancala with an established platform from which to expand in the sector.”