Foresight Group has acquired a 2.5-megawatt anaerobic digestion (AD) plant in Norfolk, England. Financial terms were not disclosed.
The plant processes 40,000 tons of agricultural feedstock per year to produce power for sale to the grid.
Biomass, the largest source of renewable energy in the United Kingdom, accounts for 40 percent of all energy consumption from renewables and waste sources. According to Foresight, it complements intermittent generation from technologies such as solar and wind.
“AD plants like this one play an important role in enabling the transition away from fossil fuels and ensuring the U.K. meets its net-zero by 2050 target,” said Foresight in a statement. The acquisition adds to its portfolio of 40 greenfield and operational AD plants across the United Kingdom and Europe.
As part of the deal, Foresight and Material Change have entered into long-term feedstock supply, digestate offtake and management and maintenance services contr
