Severn Trent Green Power acquires Agrivert Group Ltd.

On 30th November 2018 Severn Trent Green Power completed its acquisition of Agrivert Holdings Limited. This acquisition included the purchase of all Agrivert’s UK operating assets and the complete complement of its supporting functions.

Severn Trent Green Power acquires Agrivert Group Ltd.

Severn Trent Green Power was established in 2009, as a non-regulated business of Severn Trent Plc. Over the years we have successfully grown to include three food waste Anaerobic Digestion (AD) plants (two of which were design and constructed by Agrivert), a crop AD plant, 33 solar sites, 6 wind turbines and 5 hydroelectricity generation sites.

Agrivert has been in the organic waste recycling industry for 24 years and is considered one of the industry’s leading organisations. Agrivert operates five food waste AD plants, two In-Vessel Composting (IVC) facilities and three Open Windrow Composting (OWC) facilities across the south of England and Wales. Agrivert’s AD plants are amongst the top performing in the UK, achieving on average 97% electrical power output. Typically, Agrivert processes around 450,000 tonnes of organic material per year, with the majority of Agrivert’s facilities being underpinned by long term local authority contracts as well as commercial customer contracts.

Alexander Maddan, Agrivert's Chief Executive said "As we finalised the latest expansion of our AD fleet, it was a natural juncture to create an even more competitive business by combining Agrivert UK with the Severn Trent Group. Our familiarity with the Severn Trent Group gives us great confidence that the Agrivert UK business is being transferred into good hands."

The acquisition of Agrivert was a strategic decision by Severn Trent. We are committed to investing in renewable energy and driving down carbon emissions. Agrivert’s AD plants complement our existing assets and strengthen our presence within the renewable energy sector. The addition of Agrivert’s five AD plants contributes an additional 13MWe capacity to our already established 45MW.

Liv Garfield, Severn Trent Chief Executive said; "We're delighted to welcome Agrivert UK into the Severn Trent Group. Renewable energy is strategically important to Seven Trent and the UK as a whole as we work towards achieving our decarbonisation targets and delivering attractive shareholder returns. Agrivert UK strengthens our established presence in anaerobic digestion where we have been leaders in the water sector for many years. We have worked in partnership with Agrivert UK on a number of projects in recent years and have been hugely impressed by their engineering capability and expertise."

The two businesses are currently undergoing an exciting transition period, combining the strengths of each, to become a single integrated entity and market leader within the organics recycling industry.

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