Below are some some facts about the AD plant proposal to inform you and help you understand more about the proposal and how it could affect the local area
The planned site for the proposed AD plant is an approximately 11 hectare (30 acres) area of land on the north side of the A1307, at the existing location of Spring Farm.
See the Location & Site page for more details.
Anaerobic Digestion (AD) is a process that breaks down organic matter (e.g. vegetation, animal waste, food waste) to produce gas and slurry (the latter is often refer to as ‘digestate’).
The gas (a mixture of mostly methane and carbon dioxide) can be sold and the digestate can be used as spreadable fertiliser. See our page on the process for more details and information.
The facts as we currently know them are:
Acorn Bioenergy is a UK Limited company (Company no: 12020505) and are a developer of anaerobic digestion sites. Acorn Bioenergy currently has around 17 employees.
Acorn is privately held, private equity-backed, and is a for-profit company. Founded in 2019 as P3P Partners LLP, a dedicated anaerobic digestion business, it is a young company.
As a start-up company with no track record, to date Acorn Bioenergy do not appear to have built and run any AD energy installations.
Acorn has secured a generous UK Government subsidy in the form of Renewable Heat Incentive. This is a 20-year, inflation-protected income stream, approved by Ofgem.
In September 2022, the Spanish fund manager and financial services company, Qualitas Energy, acquired an 85% stake in Acorn Bioenergy for an undisclosed sum. At this point, P3P Partners LLP ceased to have significant control, and are now minority shareholders only.
In relation to another application by Acorn for an AD plant in the Stratford-on-Avon District - it emerged at the October 2022 meeting of Tysoe Parish Council, that despite using UK Government subsidy for the plant, all profits from the proposed Tysoe gas plant would go outside of the UK, to Spain.