One million UK homes now using green energy from biogas plants financed by Prestige Funds
- One million homes in UK powered by Prestige-backed AD projects
- Plants now collectively save more than 1.48 million metric tonnes of CO2 each year
- Over 500,000 metric tonnes of waste diverted from landfill each year
One million homes in the UK (as at 12/2020) are now being powered by green energy, as a result of anaerobic digestion (AD) projects funded by dedicated, specialist Finance Arranger – Privilege Finance, the lending partner of Prestige Funds.
Based near Cambridge, UK, Privilege Finance manages the private debt and infrastructure lending portfolios of several Prestige Funds. Since 2012 it has invested over GBP 600m in both new builds and acquisition projects in renewable energy. Privilege already backs one of the largest portfolios of clean energy projects in the UK supporting, farm, food and agri related business in what is a very specialist financing market. It is recognised as an expert in the field of bringing biogas projects online and is an active member of the UK Anaerobic Digestion and Bioresources Association (ADBA).
The projects generate a total of approximately 1.3 TerraWatts of energy per year, meaning each day they generate approximately 3.5 GW, which translates to approximately 1 million homes powered, based on average household energy usage. The projects are also reducing greenhouse gas emissions into the atmosphere, and so contributing to climate change reduction efforts.
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