By Adveith Nair
LONDON (Reuters) - The Prince of Wales' private estate and financier Jacob Rothschild are among a group of investors who plan to invest more than 65 million pounds ($103 million) in a clean technology start-up focused on producing energy from organic waste matter.
The new company, Tamar Energy, will develop a network of over 40 anaerobic digestion plants to generate 100 megawatt of green electricity over the next five years, the consortium said on Wednesday.
The investor group is led by Rothschild's London-listed RIT Capital Partners and Fajr Capital, along with the Duchy of Cornwall, Lord Rothschild's Family Interests, and supermarket group J Sainsbury, among others.
Anaerobic Digestion is the conversion of organic waste material into biogas by bacteria. The methane-rich biogas can then be used either in a local generating plant to produce electricity, or cleaned and injected into the gas grid.(Read more...)