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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