Investor Targets Farm Scale Anaerobic Digestion Biogas Projects

Iona Capital has completed an investment into JFS Howla Hay Biogas - a JV with biogas developer JFS & Associates and a family run Farm in North Yorkshire.

London based environmentally focused investment firm, Iona Capital has completed an investment into JFS Howla Hay Biogas - a joint venture company with biogas developer JFS & Associates and a family run Farm in North Yorkshire.

According to Iona – which has made a number of previous investments in Anaerobic Digestion (AD) projects - it is providing funding for the development a pipeline of 20 agricultural AD projects planned by JFS.

The investment firm explained that JFS & Associates will act as a development partner and construct a new 250kW AD plant at Howla Hay Farm, Guisborough, North Yorkshire with a planned operational date of January 2014.

The farm will provide the required feedstock and the electricity generated will be sold to the National Grid - benefiting from Feed in Tariff Scheme. By-products such as fertilizer and heat are also intended to be utilised. 

“This investment is the second of a series of similar investments we have planned with JFS associates.  These investments serve to demonstrate our on-going commitment to the AD market which now includes both agricultural and food waste AD facilities," commented Mike Dunn, director at Iona Capital.


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