Foresight Group’s AD EIS Fund is investing £3.9m to build an anaerobic digestion plant in County Down in Northern Ireland.
The transaction, which reached financial close on 15 December, is the first investment made by Foresight AD EIS Fund.
The fund raised £25m from private investors, and is the fourth such project Foresight has backed in Northern Ireland.
The EPC contractor responsible for construction and maintenance of the plant will be Williams Industrial Services, which has partnered with Foresight on other on-farm AD projects in Northern Ireland.
The plant will process 18,000 tonnes a year (t/y)of feedstock, which will be supplied under contract by Glenmore Estate Farms, comprising 9000 t/y of grass silage from the landlord farmer and adjacent lands, 7000 t/y of cattle slurry and 2000 t/y of chicken litter from Moy Park poultry farm.
The plant is expected to be commissioned and operational by October.
Foresight James Reid said: “We are delighted to announce this our fourth investment into on-farm AD in Northern Ireland, the first using funds from Foresight AD EIS Fund.”
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Foresight finances N Ireland bio
AD EIS Fund invests £3.9m in anaerobic digestion plant in County Down
By EBS