BayWare has sold its Sherwood biomethane to JLEN
The plant is in Nottinghamshire about 25 miles southeast of Sheffield and was BayWare’s first UK biomethane plant, co-developed with AcrEnergy. It has now been sold to the environmental infrastructure investment fund John Laing Environmental Assets Group Limited (JLEN).
The plant has been operating at full capacity after successfully managing its ramp-up. With RHI certification (Renewable Heat Incentive), it benefits from several fixed inflation-adjusted subsidies over 20 years.
Matthias Taft, board member of BayWare, said, “With the sale of the plant, we also demonstrate our strong commitment to the project and service business in the bioenergy sector.”
Chris Holmes, director of John Laing Capital Management and co-lead adviser to JLEN, said: “The Sherwood biomethane plant will be the sixth anaerobic digestion asset that JLEN has invested in as it seeks to continue to grow its portfolio in this exciting sector.”
Christian Bracklow, managing director of BayWare Bioenergy, said, “Acting in a region where coal mining used to be a major driver of employment, project Sherwood involves collaboration with a substantial number of local farmers and it creates new jobs, which continues the region’s heritage in energy production. Thanks to the high quality standards and durability of modern construction, the plant will also help support the energy transition in the UK, as the power sector becomes increasingly volatile.”
“With the sale of the plant, we will focus again on developing new greenfield, reengineering and EPC projects. We will also further upgrade our service products, focused around operation and feedstock management, which will include new IT solutions.”