Construction activities at FGEN’s controlled environment projects are progressing well. We aim to build good relationships with our project counterparties to promote a collaborative approach to construction management that should then carry over into the projects’ operations.
About the portfolio
Sustainable solutions to food production and agriculture. Key environmental infrastructure needed to enable populations to live sustainably.
- Established technologies with deep revenue markets
- Potential for capital growth
Our controlled environment assets
Controlled Environment Glasshouse
FGEN is invested in a 2.1 hectare glasshouse project which completed construction in September 2023. The facility is in close proximity to an existing anaerobic digestion plant owned by FGEN, which supplies low carbon heat and power to the glasshouse via a private wire. Waste heat from the existing CHP engines is captured and delivered by pipe and a heat exchanger to the glasshouse. Wastage from the glasshouse produce is returned to the digester, creating a circular ecosystem.
The advanced glasshouse will be capable of growing a wide array of different horticultural products, from consumable produce to cut flowers. Its initial operator will focus on the lawful cultivation of the heavily regulated tetrahydrocannabinol flower, conforming to tightly monitored license requirements for secure supply to established UK-based pharmaceutical manufacturers.
Case study spotlight: Rjukan Aquaculture project
The Rjukan project consists of a land-based aquaculture facility to be built in Rjukan, Norway, and will use established recirculating aquaculture system (“RAS”) technology. It is expected that partial operations will commence in 2024 with full operations expected in 2025, following which, the facility is forecasted to produce approximately 8,000 tonnes of trout annually.
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