Dale Vince’s Energy Empire falls for a loss after £ 12m written on the ‘vegan gas’ project
Donator of work Business Empire Dale Vince He swung for a loss after suffered £ 12m written on the “Vegan Gas” project, and global energy prices have decreased.
Energy Tycoon Holding Company accounts, Green Britain Group showed that it fell for a loss of £ 7m to April to April compared to profit before the tax of almost £ 50 million a year earlier.
Green Britain Group is exclusively owned by Mr Vince and contains its business interests, including Ecotricity, energy suppliers founded in 1995, a laboratory diamond company Skydiamond and Forest Green Rovers, a Vegan Football Club.
The belonging of the group in red partially launched £ 12 million written on the Ecotricity Green Gas Mill in Reading, which opened in 2023 after suffering engineering and misses.
The so -called vegan gas is made using grass cuttings, not animal waste, which is broken by anaerobic digestion to create a methane.
Mr. Vince advocated the scheme, saying two years ago: “We estimate that if we grow grass throughout the marginal country in Britain, we will be able to make enough green gas to supply the whole country.”
Ecotricity has since had to completely abolish his first biogas plant, but plans a new facility he said he could provide gas several thousand homes.
“AND [new] The plant is in development and … It will produce biometan through anaerobic digestion, using grass from the local area as a primary raw material, “the report said.
The project is currently in the pre -conviction phase, and it should be completed in 2026. “
Electricity and gas sales revenues during the year amounted to £ 467 million, which is a sharp drop with £ 551m a year earlier when revenues included £ 123 million of government subsidies for customers through energy crisis.
The report states: “The government has previously entered to alleviate the impact of higher wholesale prices on consumers. This support decreased during the 2024 financial year because the prices were stabilized, although more than historical average prices. “
The drop in energy prices has recorded the revenues of the company from state subsidies for the energy account of Energy of Energy to £ 8 million, which is less than £ 123 million during the previous year.
Accounts come after the Decision of the High Court earlier this month who judged former wife Mr Vince Kate be assigned more than £ 40 million in a divorce settlement.
Former wife’s lawyers Mr. Vince told the court that he had given marital property, of which she should be entitled to half, including £ 5.4 million donations to the Labor Party.
Mr. Vince founded the Ecotricity Energy Company in 1995 after being placed in Glastonbury an old Pylon on the telephone with the wind.
