Opus advises on £8.5m upgrade of Vulcan Renewables
Category: Deal Announcement
Opus is delighted to have advised Future Biogas Limited on the planned £8.5m capacity expansion of Vulcan Renewables by John Laing Environmental Assets Group Limited (JLEN).
Vulcan, acquired by JLEN in 2017, currently operates a 5MWth anaerobic digestion plant located near Doncaster and predominantly exports biomethane gas to the national grid, generating income from both gas sales and the Renewable Heat Incentive. The upgrade will be undertaken by Future Biogas as operator of the plant, and is expected to significantly increase biomethane generating capacity.
Stuart Schofield, John McElroy and Joseph Roberts made up the Opus deal team, which built on Opus’ strength in advising on feedstock-dependent renewable energy projects. These include JLEN’s £15.3m acquisition of Vulcan and its £11m investment in Icknield Farm, both anaerobic digestion plants, alongside advice to Estover Energy Limited on the financing of three biomass CHP projects for a total in excess of £350m.