Eastern Counties Finance has funded over 15 anaerobic digestion projects ranging from £1 million to £30 million. As a project funding partner, ECF looks for secured tariffs, high yield feedstock supply, quality equipment, and maintenance support. Through funding numerous projects, ECF has learned that thorough due diligence is critical to maximize plant value over the 20 year horizon. Close project management and monitoring after startup is also crucial to optimize asset values from day one. Specific profit opportunities include on-site and grid gas and electricity, power storage, CO2 byproducts, and digestate revenue versus costs.

1. AVENUES OF FINANCE –
ASSET VALUE
#UKADBiogas @adbioresources
CHAIR:
DR ROBIN SZMIDT, TARGET RENEWABLES
PANEL:
DAN POULSON, BASEPOWER
DEAN HERRON, AQUA ENVIRO
PHIL GERRARD, EASTERN COUNTIES FINANCE

2. 15/07/2015 www.ecf.uk.com
Financing Asset Value in AD Projects
• ECF has funded 15+ AD projects from £1m->£30m
• As a project/development funding partner we look for:
• Secured tariffs: FIT and RHI
• High yield feedstock – crop or waste
• Security of feedstock price and supply
• Quality of design and proven output of equipment
• Manufacturers of key equipment – feeders/digesters/tanks/scrubbers/CHP
• Quality of maintenance support and contracts
• End use/proximity and access to grid

3. 15/07/2015 www.ecf.uk.com
What we have learned:
• Due diligence is critical to maximise overall plant and asset value –
policy/tariff impact, design, manufacturer and main contractor
• Choice of feedstock – sustainability of price and supply over 20 year
horizon versus optimal yield?
• Maintenance quality and cost can kill the project if not addressed early
• Tight project management and post “live production” monitoring crucial
to ensuring asset values are optimised from Day 1
• Quality of digestate will be increasingly important – environment and
revenue

4. www.ecf.uk.com
Specific profit/cost opportunities:
• Gas – on site, tanker and to grid
• Electricity – on site and to grid
• Storage of power for reducing peak tariff usage on site
• CO2 by-product opportunities
• Digestate cost versus revenue
• Integrated maintenance

5. AVENUES OF FINANCE –
ASSET VALUE
#UKADBiogas @adbioresources
CHAIR:
DR ROBIN SZMIDT, TARGET RENEWABLES
PANEL:
DAN POULSON, BASEPOWER
DEAN HERRON, AQUA ENVIRO
PHIL GERRARD, EASTERN COUNTIES FINANCE