Oxon Renewables Limited completes anaerobic digestion plant acquisition.
Oxon Renewables 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 Manor Farm near Alderton.
The rights to develop the plant were acquired from Qila Energy LLP and the project consists of an AD plant that will digest approximately 30,000 tonnes of organic material each year. This will produce circa 3.0m cubic meters of natural gas per annum which will be fed into the local gas distribution network for onward consumption by local industry and households.
The gas-to-grid AD plant is expected to be operational in 2016 with predictable, index linked revenue streams which will include FITs and RHI rates.
Imran Sheikh led the deal for Ingenious.