The Anaerobic Digestion and Biogas Association (ADBA) has published two key documents which were promised in the AD Strategy and Action Plan to support the industry. They are available on the association’s website.

The Due Diligence template, developed in association with WRAP, offers a simple way for developers to check they have provided all the information which investors need to carry out due diligence on projects. Banks and VCs financing AD, their advisers and ADBA’s Lawyers Working Group, which includes representatives from major law firms, were among those who helped ensure the document is comprehensive. 

The template provides developers with overarching guidance on what investors would expect to see in a business plan, and gives investors a simple way to check where the information they need can be found. The template aims to help reduce the cost and complexity of due diligence and facilitate raising finance.

ADBA has also published a list of current financial schemes available to AD projects. Collating these into one accessible document gives developers a signpost to such schemes, and where they can find more details.

Charlotte Morton, Chief Executive of ADBA, said:

“We are delighted to announce the publication of both ADBA’s Due Diligence template and a comprehensive list of financial schemes available to the AD industry, two of the eleven industry actions ADBA were assigned in the AD Strategy and Action Plan.

“I would like to thank the many people who have contributed to these – particularly WRAP and Compass Renewables.

“Delivering these documents is part of the wider work ADBA is doing to develop the AD industry, both within and outside the actions agreed in the Action Plan.”

The documents can be downloaded from: http://www.adbiogas.co.uk/ta_content.asp?id=71