Foresight acquires 2.5MW AD plant on Isle of Wight

Share on

  • On site CHP to self-power plant
  • 2.5MW Gas to Grid (Bio-Methane), plus CO2 capture (bottled) plus liquid digestate
  • Third acquisition using Foresight’s AD Aggregator Platform
  • Foresight AD portfolio grows to 25 plants of 39MW under management in UK and Europe

London, 23 July 2018:  Foresight Group LLP (“Foresight”) is pleased to announce the completion of the acquisition of an operational Anaerobic Digestion (“AD”) plant on the Isle of Wight for an undisclosed sum.

To view or print this announcement as a pdf please click here.

The 24 acre site at Arreton has a CHP plant to provide 250kW of electrical power generation capacity to power the facility (and related waste heat use), c.580 Sm3 (standard cubic metres) per hour of biomethane export capacity to grid (plus related CO2 sales) and capacity to process in excess of 50,000 tonnes per annum of energy crops whilst benefiting from FIT and RHI revenue.

Foresight has established a market leading position in AD having previously invested into 20 greenfield and operational AD plants across the UK and an additional five operational plants in Germany with a combined capacity of 36.5MW.

The transaction is a demonstration of Foresight’s appetite to aggregate operational AD assets following the acquisitions of two assets in East Anglia and five assets in Germany earlier in the year.  This acquisition consolidates Foresight’s Bio-Energy team’s strong market position in the UK and enables it to continue to export its deep sector experience to Europe, Australia, North America and beyond.

Charlie Sheldon, Foresight Group LLP said:

“We are delighted to have completed the acquisition of this operational AD plant, our first on the Isle of Wight, which comprises the latest component in our growing AD portfolio.  We look forward to making further acquisitions as part of our wider AD aggregation strategy.”

Foresight continues to nurture a strong global AD project pipeline of both operational assets and greenfield opportunities.

Advisers include

Technical:                            Fichtner
Legal:                                    Ashurst
Financial and tax:             Grant Thornton
Insurance:                           Marsh
Sales Agents:                     Fisher German and BCM



For more information contact:

Ben Thompson, Foresight Group: / +44 (0)20 3667 8155

Notes for editors:

About Foresight Group LLP (“Foresight”):

Foresight is a leading independent infrastructure and private equity investment manager which has been managing investment funds on behalf of institutions and retail clients for more than 30 years.

Foresight has more than £2.5 billion of Assets Under Management across a number of funds, including Listed Vehicles, Limited Partnerships, Enterprise Investment Schemes (EISs) and Venture Capital Trusts (VCTs).

As a global leading solar infrastructure investment manager, Foresight currently manages more than £1.2 billion in some 75 operating Photovoltaic ("PV”) plants with a generating capacity of over 1.1GW in the UK, Southern Europe, Australia and North America.

In Bioenergy, Foresight has mobilised some £900m of capital investment into 40 waste projects, which when fully operational will have a waste processing capacity of over 2 million tonnes per annum, diverting some 1 million tonnes of waste from landfill every year and generating 140MW of clean energy, saving more than 750,000 tonnes of CO2 emissions every year.

Foresight manages the A$200 million Australian Bioenergy Fund (“ABF”) which targets investments ranging from A$2m to A$50m into energy from waste projects across the continent backed by a cornerstone investment from the CEFC.

Foresight Group is headquartered in London, with international offices in Sydney, Rome, San Francisco and Seoul and regional UK offices in Nottingham, Manchester, Leicester, Milton Keynes and Guernsey.

This notice has been issued and approved by Foresight Group LLP, which is authorised and regulated by the Financial Conduct Authority (FCA).