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Condate Biogas Limited
This is the ninth farm-based anaerobic digestion opportunity to be brought to us by Greener for Life Energy Ltd (“GFLE”). GFLE is an AD consultant and developer.
The investment funded a 2.1MWe "gas to grid" generating facility in Devon. Gas to grid was secured in September 2015. The site also has uses a 500kW Combined Heat and Power engine to generate electricity.
The plant can process energy crop and agricultural wastes, animal manures, slurries, grass and maize silage to produce biogas which is injected into the national grid and used to generate and sell renewable electricity under the Feed in Tariff regime or used in a drier under the Renewable Heat Incentive scheme. The AD technology was provided by Biogest.
Ixora Energy is the current asset manager.
Key facts
Downing LLP does not provide advice or make personal recommendations and investors are strongly urged to seek independent advice before investing. Investments offered on this website carry a higher risk than many other types of investment and prospective investors should be aware that capital is at risk and the value of their investment may go down as well as up. Any investment should only be made on the basis of the relevant product literature and your attention is drawn to the risk, fees and taxation factors contained therein. Tax treatment depends on individual circumstances of each investor and may be subject to change in the future. Past performance is not a reliable indicator of future performance. Downing LLP is authorised and regulated by the Financial Conduct Authority (Firm Reference Number 545025). Registered in England No. OC341575. Registered Office: Downing, 10 Lower Thames Street, London, EC3R 6AF.