Iona Capital
123 Pall Mall, London, SW1Y 5EA, United Kingdom
Overview
Iona Capital Ltd comprises a team of waste management and renewables executives who implement long term infrastructure projects. It manages funds on behalf of institutional investors, and the fund is focused on investments in the bioenergy sector. As of today, Iona has made investments in several environmental infrastructure projects in England, Scotland, and Wales. The company was founded on May 25, 2011, and it is based in London and Manchester, England.
- Total investments
- 1
- Lead investments
- 1
- Investments · 12mo
- 0
- Active investors
- 4
Sector focus
- Finance
- Financial Services
- Venture Capital
Investment portfolio
- Biogen Gwyriad
Led · Equity · Jul 2012
Biogen GwyriAD is a joint venture with BiogenGreenfinch focused on building and operating an anaerobic digestion (AD) plant to process food waste into electricity and digestate fertilizer. The project centers on a new 11,000 tonnes-per-annum AD facility at Llwyn Isaf, Gwynned, that will process council and third-party food waste. The plant is expected to generate and export 3,500 MWh of electricity annually — roughly enough to power about 700 households — and produce a digestate product for agricultural use. The electricity revenues will benefit from premium selling prices under the Feed-in Tariff scheme. The company’s near-term plans are enabled by a minimum 15-year food-waste supply contract with Gwynned Council (with a five-year extension option) that fixes supply at an agreed price over the contract term. Financially, the project has secured a £6 million investment from Iona Capital and is the first investment under the Welsh Government’s sponsored organic waste program.