Bio Capital Ltd completes acquisition of Energen Biogas AD plant 50% stakes
Bio Capital Limited (BCL), a joint venture of Aurium Capital Markets (Aurium), Equitix and Helios Energy Investments (Helios), has completed the acquisition of a 50% interest in the Energen Biogas (EBG) anaerobic digestion (AD) facility from Renewi plc.
EBG contributed £1.6m (USD2.09813 m) to Group profit before tax in the year ended 31 March 2018. The sale was completed for an undisclosed cash consideration which will result in £10m (USD13.1133 m) profit on sale (proceeds above book value).
The acquired asset is located in Cumbernauld, North Lanarkshire, Scotland in UK. The facility processes 120,000 tonnes of food-waste per annum and generates 33GWh of electricity and 44GWh of biogas (which is converted into biomethane for injection into the gas grid) annually.
Country updates
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August 31, 2018
Enerco announces plans for 150 MW wind project in Scotland
Irish developer Enerco has announced that it is in early stages of planning for a 150 MW wind farm in the Argyll and Bute council area of western Scotland. The company has started investig...
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August 31, 2018
Offshore substation for 714 MW East Anglia ONE wind farm installed
The offshore substation for 714 MW East Anglia ONE wind farm has successfully been installed in the southern North Sea, some 59km from the coast of Lowestoft, in the English county of Suffolk. T...
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August 30, 2018
JDR wins contract to supply cables for 1,386 MW Hornsea Project Two offshore wind project
UK-based JDR Cable Systems (JDR), owned by the TFKable Group, has won a multi-million pound contract to supply inter-array cables and termination work for Ørsted’s record-breaking offshor...
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August 29, 2018
Balfour Beatty awarded to build onshore substation for the 1,386 MW Hornsea Project Two offshore wind project
Balfour Beatty has been awarded a multi-million pound contract to build the onshore substation for Ørsted’s latest offshore wind farm, Hornsea Project Two on the east coast of England. W...
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August 29, 2018
Dyas and Petrofac agree to sell interests in North Sea oil and gas project to Ithaca Energy
Ithaca Energy Limited has announced that it has entered into agreements to acquire all the Greater Stella Area (GSA) licences and associated infrastructure interests of Dyas UK Limited and Petrof...
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