GCP Infrastructure Investments is lending £12.2m against a vehicle, GCP Biomass 3, which is financing two operational plants selling gas generated from the anaerobic digestion of biowaste. The projects are subsidised by the Government’s Renewable Heat Incentive scheme (“RHI”) and the gas is sold to the national grid.
The lending takes the form of notes with a c15 year life that pay interest of 9.5%.