Foresight Group has bought a 2.5MW anaerobic digestion plant on the Isle of Wight for an undisclosed sum.
The 24-acre site at Arreton can export around 580 cubic metres of biomethane capacity to the grid each hour and is able to process more than 50,000 tonnes of energy crops every year.
The facility is powered by a combined heat and power plant, providing 250kW of electrical generation capacity.
Foresight Group has previously invested in 20 operational anaerobic digestion plants across the UK and an additional five operational units in Germany, providing a combined capacity of 36.5MW.
Charlie Sheldon, Senior Investment Manager at Foresight Group, said: “We are delighted to have completed the acquisition of this operational anaerobic digestion plant, our first on the Isle of Wight, which comprises the latest component in our growing anaerobic digestion portfolio.”