Macquarie Asset Management’s Green Investment Group (GIG) has acquired BayWa Bioenergy from BayWa.
BayWa Bioenergy is a specialist biogas platform. Active across the full asset lifecycle, the business develops, constructs and operates biogas projects which provide biomethane and power to local energy companies, industrial companies and energy traders.
Its existing portfolio comprises five operational plants in Germany and a pipeline of development projects located across Italy. The business’s current operational assets produce a total of approximately 140GWh of biomethane annually helping avoid 13,160 tonnes of CO2 equivalent of GHG emissions every year.
REPowerEU targets the production of 35bcm (roughly 350TWh) of biomethane by 2030. Meeting this demand is expected to require the construction of 5,000 new biomethane plants across the EU and €80 billion in capital investment.
GIG intends to use these positive tailwinds to explore opportunities to grow the business’ presence in Germany, Italy and other existing and emerging growth markets in Europe. It will also seek to use the latest technology processes to enhance the platform which could include the introduction of carbon capture and CO2 liquefaction that can be used for food-grade quality CO2.