3i Infrastructure plc completes its follow-on investment in Infinis and acquisition of Alkane Energy
3i Infrastructure plc has completed its follow-on investment in Infinis and acquisition of Alkane Energy (“Alkane”), following satisfaction of the relevant condition.
Alkane operates a portfolio of peaking gas generators and the largest portfolio of coal mine methane sites in the UK, capturing methane from mothballed and closed coal mines and converting it into electricity. As at December 2017, Alkane had 160MW of installed generating capacity operating across 32 sites across the UK. The transaction was announced on 5 March 2018.