Eternity Capital invests in a £9.6m waste-to-energy facility

(12 March 2014)

Eternity Capital is excited to announce its investment in the construction of a £9.6m Anaerobic Digestion facility, which will convert organic materials into renewable energy.

Eternity Capital will fully fund the £9.6m investment in equity and work in collaboration with the developer and operator Greener for Life.

Alon Laniado of Eternity Capital said "Eternity Capital is excited to fund this Anaerobic Digestion facility which contributes to meeting the twin needs of waste treatment and renewable energy production, using an efficient AD process. This is Eternity’s second energy from waste investment and reflects Eternity Capital’s strategy to invest in a portfolio of such projects, as part of its wider investment focus on waste and environmental services.”

About this investment:

   • £9.6m Anaerobic Digestion facility in Fraddon, Cornwall.
   • The plant will convert organic materials including local food waste and agricultural waste, into gas and electricity.
   • It provides an exciting opportunity for Cornwall to feed its organic wastes into this facility.
   • One of the first few AD facilities in the UK to produce biomethane, a process which maximises capture and transfer of the biogas energy from the AD process and which can then be injected into the mains gas grid.
   • Over its expected 20 year lifetime, the new plant is forecast to supply enough renewable energy to power over 2,500 homes each year.
   • Over its expected 20 year lifetime, the new plant is forecast to supply enough renewable energy to power over 2,500 homes each year.

About Eternity Capital:

Eternity Capital is a specialist group that provides funding dedicated to waste recycling and waste-to-energy investments. It focuses on building a portfolio of UK and international investment opportunities with high growth potential and which operate in segments that contribute to delivering the EU waste and environmental targets.