CO2Sense invest in anaerobic digestion plant and helps to develop business case

About this project

CO2Sense invested £750,000 in GWE Biogas, the first anaerobic digestion plant in Yorkshire that generates electricity from food waste.

The investment by CO2Sense meant that the plant could be completed in one phase.

The plant takes in around 50,000 tonnes of food waste, and generates enough clean energy to power 3,200 homes. Over ten years, the plant will save around 260,000 tonnes of CO2 . The plant became operational in December 2010.

CO2Sense’s investments do not have to be repaid until the project is making an income. The money will then be used by CO2Sense to invest in more renewable energy projects.

Vital Statistics:

investment From CO2Sense:

£750,000

Total Project Cost:

£9m

C02 Savings Over Ten Years:

260,000 tonnes

Food Waste Diverted From Landfill

50,000

Cost and payback for a typical AD installation:

Size

500 kW

2 MW

Cap Ex

£1.6m

£9m

Op Ex

£450k pa

£1.6m

Income (FiT & electricity sales)

£750k pa

£3.5m

IRR

14.3%

17.8%

Note: Figures are not specific to the case study and assume bank finance at market rates. Payback for your project may vary as AD is complex and depends on the specific circumstances. Larger projects typically have higher rates of return.

“This plant is an innovative solution to the problems of waste disposal and energy generation... CO2Sense’s help has been instrumental to get the plant to this stage."

Tom Megginson

DIRECTOR - GWE BIOGAS LTD

Find out how renewable energy could work for you

CO2Sense can help you with the planning, feasibility, financing and project management for your renewable energy project.

Sustainable Ventures
5th Floor, County Hall,
London,
SE1 7PB

Email: info@co2sense.co.uk Web: co2sense.co.uk

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