Farmgen secures power purchase contract
Anaerobic digestion (AD) specialist Farmgen, headquartered in Lancaster, UK, is currently building an AD plant at Carr Farm, which will generate 800kW of renewable electricity for the grid when it comes online next spring.
And the company has now secured a power purchase agreement with supermarket chain Marks and Spencer (M&S).
In a bid to consume only green energy by 2012 M&S has signed a five-year deal with Farmgen for an undisclosed amount. It will begin purchasing the power when the biogas plant commences operations.
Farmgen has also announced that it is to receive a £2.1 million (€2.48 million) loan from the Co-operative Bank, which will go towards funding the build at Carr Farm.
And the company has now secured a power purchase agreement with supermarket chain Marks and Spencer (M&S).
In a bid to consume only green energy by 2012 M&S has signed a five-year deal with Farmgen for an undisclosed amount. It will begin purchasing the power when the biogas plant commences operations.
Farmgen has also announced that it is to receive a £2.1 million (€2.48 million) loan from the Co-operative Bank, which will go towards funding the build at Carr Farm.
