Overview

Infinis is the largest generator of electricity from landfill gas in the UK, with a portfolio of more than 150 operational sites and total installed capacity of over 400MW.

Recent developments

• Financial performance at Infinis is strong, driven by higher power prices and price volatility which benefitted the power response assets in particular. Infinis’s cashflows are positively correlated with UK inflation through index-linked corporate PPAs and the Government-backed Renewables Obligations Certificate and CfD regimes.
• Infinis has made significant progress establishing a 1.5GW solar and battery pipeline across various stages of development. 103MW of Solar and 16 MW of Battery are currently under construction and on schedule to start generating by summer 2023, which will bring Infinis’s operational asset base to over 550MW. Higher development capex has been offset by a corresponding increase in long-term forecast power prices. 

Regulatory information 
This transaction involved a recommendation of 3i Investments plc.