Future Biogas, one of the largest anaerobic digestion plant developers and biogas producers in the United Kingdom, backed by 3i Infrastructure, has agreed to acquire 51 percent of a portfolio of six gas-to-grid anaerobic digestion facilities with a combined gas output of 333 gigawatt hours.
JLEN Environmental Assets Group sold the majority stake for £68.1 million ($87 million). Some £30 million ($39 million) will be funded by 3i Infrastructure, with the balance funded by Future Biogas from committed debt facilities.
Future Biogas originally developed five of the six plants and operated each for an average of eight years. As majority owner, Future Biogas will now be able to deliver investment-led enhancements identified by the management team.
“We are very pleased to be acquiring a stake in this portfolio of anaerobic digestion plants from JLEN, who we will continue to work with constructively,” said Philipp Lukas, CEO of Future Biogas. “We know the asset