JLEN takes 70% stake in UK Bio Collectors

Biomethane plants in UK. Source: Wyke Farms/CNG Services (www.cngservices.co.uk).

December 13 (Renewables Now) - John Laing Environmental Assets Group Ltd (LON:JLEN) has acquired a 70% stake in Bio Collectors Holdings Limited, which owns an anaerobic digestion (AD) plant in Merton, London, for an undisclosed amount.

The AD facility, which has been operational since 2013, currently has a thermal capacity of around 10 MWth and two combined heat and power (CHP) engines with a total capacity of 1.7 MW. The plant predominantly produces biomethane that is fed into the national gas grid. It is accredited under the Renewable Heat Incentive (RHI) and Feed-in-Tariff (FiT) schemes.

Bio Collectors also has a waste collections business that gathers source-separated and packaged food waste for the AD plant.

JLEN acquired the stake from private investors. Bio Collectors' current owner will keep the remaining 30% in the company, according to the statement released on Friday.

This is JLEN's first acquisition into food waste fuelled anaerobic digestion and brings the combined capacity of the renewable energy assets in the company's investment portfolio to 297.9 MW. JLEN financed the deal with funds from its revolving credit facility.

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Before joining Renewables Now, Alex was a UK-focused business news reporter. Now she is covering global news from the renewable energy industry with a special interest in M&A.

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