Ancala Bioenergy announced that it has acquired Biogen, 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.
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 tons 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.
Biogen’s plants benefit from a combination of index linked Renewables Obligation Certificate, Feed-in-Tariffs and Renewable Heat Incentive subsidies.
Adam Feneley, managing director, Biogen, said the acquisition further enhances the company’s reputation as the number one food waste to renewable energy company in the UK. “The investment is excellent news for Biogen and marks the next stage of growth for the business.”
The seven plants are located in Bedford, Rushden, Baldock and Atherstone in England and Aberdare, St Asaph and Caernarfon in Wales.
Ancala Bioenergy is an infrastructure investment vehicle managed by Ancala Partners, the independent mid-market infrastructure investment manager.