Foresight invests in two large scale agricultural AD plants in Thetford and Newmarket

Foresight Group LLP has acquired two large scale Anaerobic Digestion (AD) as part of the sale of Strutt & Parker (Farms) Limited, one of East Anglia’s oldest and best-known diversified farming businesses.

The Euston and Bay Farm plants are located in Thetford and Newmarket. In combination, the plants will produce c. 95,000 MWh of power per annum, which is the energy equivalent of powering 30,000 homes in the UK. Both plants are fully operational with remaining operating lives of 17 and 18 years for Euston and Bay Farm respectively. On an annual basis, the portfolio will offset approximately 10,700 tonnes of C02 compared electricity generated from coal. Further investment in the sites will capture all of the CO2 which will be suitable for use in drinks manufacture.

The transaction is a continuation of the partnership between Foresight and Material Change Ltd and its parent company Heathpatch Ltd. As part of the deal, Material Change has entered into long term feedstock supply, digestate offtake and management & maintenance services contracts, while Heathpatch are equity investors in the projects.

Deloitte and Savills managed the sale process on behalf of Strutt & Parker (Farms) Limited.