Deal Overview
New Mill Biogas generates 16,000 MWh of electricity per annum that is exported to the national grid. Additionally, surplus heat from the combined heat and power (“CHP”) unit is used to dry digestate or wood chip pellets that is used as renewable fuel in biomass boilers.
The facility processes cattle manure, chicken manure, grass sileage, maize and dairy residues and benefits from the FiTs and RHI tariffs. Digestate produced by the facility is used on local farmlands.
Investment Name | New Mill Biogas Ltd |
Location | Thormanby, Easingwold |
Deal Closed | January 2016 |
Technology | Anaerobic Digestion |
Carbon Savings | 890 Tonnes CO2e |
Iona Capital Ltd.
123 Pall Mall
London SW1Y 5EA