Anaerobic digestion plant is a bioenergy facility and is different from coal, oil or gas-fueled plants. At a bioenergy facility, the organic matter such as left-over food, grass-cuttings etc. are digested or broken down by bacteria generating gas and fertiliser as a by-product. This gas is then either injected directly into the grid or used to produce electricity via a CHP engine. Watch how bioenergy is created in the video below created by Biogen UK. Iona’s first fund had provided financing to two Biogen’s projects.
Kanadevia Inova acquires Iona Capital along with UK biogas portfolio
Kanadevia Inova acquires Iona Capital along with UK biogas portfolio Swiss-based green-tech company Kanadevia Inova strengthens its commitment to accelerating decarbonisation by acquiring Iona Capital