Opus advises JLEN on £11m investment in Icknield Farm anaerobic digestion plant
Category: Deal Announcement
Opus advised John Laing Environmental Assets Group (JLEN), the listed investment company, on an £11m investment in the Icknield Farm anaerobic digestion plant acquired from Ingenious and private owners. This is JLEN’s second investment in the technology and Opus has advised on both transactions. Icknield is a 5MWth AD plant producing bio-methane which is injected directly to the gas grid. It also generates electricity via a CHP unit and receives Renewable Heat Incentive and Feed in Tariff payments from the government.
The transaction is a further important milestone for the Opus sustainability practice and underscores our strong presence in this sector in which we are one of the leading UK financial advisory houses. Other sector transactions completed by Opus in the last twelve months include the acquisition of the Vulcan AD plant by JLEN, the restructuring of Green Biologics (renewable chemistry) and the investment by BGF and Volantis into Accsys Technologies (wood conversion technology).