30 Mar '15, 5pm

Foresight Group announces investment in anaerobic digestion plant at Old Quarrington, Durham: New anaerobic di...

Foresight Group has announced the first investment made by the recently announced £50m Recycling and Waste LP fund, backed by the UK Green Investment Bank plc. The £4m investment, which is being made in partnership with the SQN Asset Finance Income Fund Limited, will be used to build an on-farm anaerobic digestion1 plant at Old Quarrington, Durham. The fund is investing £2m alongside co-investment of £2m by SQN Asset Finance Income Fund Limited, made on the same terms as the fund. The Old Quarrington project has been developed by a farming family business based near Durham. The project will receive revenue under the Feed-in-Tariff (FiT) and Renewable Heat Incentive (RHI) schemes. Throughout its 20-year lifespan the project is expected to generate 3,400 MWh electricity, enough renewable energy to power 800 households, and 3,300 MWh heat. It is also forecast to reduce greenh...

Full article: http://www.renewableenergyfocus.com/view/41861/foresight-...

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