Ingenious Clean Energy: Bellevue Renewable Limited completes anaerobic digestion plant acquisition
Bellevue Renewable Limited, a renewable energy generation company backed by Ingenious Renewable Energy EIS 2014/15, has purchased the development rights to construct an anaerobic digestion (AD) plant on land at Cleat Hill Farm, Tamworth, Staffordshire.
The rights to develop the plant were acquired from Qila Energy LLP and the project consists of an AD plant that will digest approximately 11,000 tonnes of organic material each year. This will produce circa 4030 MWh of renewable electricity per annum which will be fed into the local electrical distribution network; this is enough to power approximately 1,220 homes.
The AD plant is expected to be operational by the end of Q1 2016 with predictable, index linked revenue streams which will include FITs and RHI rates.
Jonathan Dunn and Imran Sheikh led the deal for Ingenious.