Ingenious Clean Energy: Whitfield Energy Limited completes anaerobic digestion plant acquisition
Whitfield Energy Limited, a renewable energy generation company backed by Ingenious Clean Energy, has purchased the development rights to construct an anaerobic digestion (AD) plant on land at White house Farm, Skegness.
The rights to develop the plant were acquired from Qila Energy LLP and the project consists of an AD plant that will digest approximately 6,500 tonnes of organic material each year. This will produce circa 1700 MWh of renewable electricity per annum which will be fed into the local electrical distribution network, this is enough to power approximately 515 homes.
The AD plant is expected to be operational by the end of Q4 2015 with predictable, index linked revenue streams which will include FITs and RHI rates.
Jonathan Dunn and Imran Sheikh led the deal for Ingenious.