Downing LLP has completed the sale of two anaerobic digestion (AD) assets, for a total consideration of around £36 million. The sale of Egmere Energy Limited and Grange Farm Energy Limited was made to John Laing Environmental Assets Group Limited (JLEN), an environmental infrastructure fund registered in Guernsey and listed on the London Stock Exchange.
Downing was one of the earliest UK investors in renewable energy, and since 2010, has funded more than £500 million of energy and infrastructure projects.
Colin Corbally, Partner at Downing says:
Downing actively seeks to support resourceful and experienced management teams and developers in a variety of energy sectors, including biomass, energy storage, reserve power, energy from waste and the acquisition of operational solar and wind assets.
Future Biogas was Downing’s development partner and operator, with Amersham Investment Management a co-investor in both Egmere and Grange Farm.
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