Macquarie Asset Management’s Green Investment Group (GIG) has acquired BayWa r.e. Bioenergy, a specialist biogas platform, via its Macquarie GIG Energy Transition Solutions fund.
BayWa r.e. Bioenergy develops, constructs and operates biogas projects that provide biomethane and power to local energy companies, industrial companies and energy traders. Its existing portfolio consists of five operational plants in Germany and a pipeline of development projects located across Italy.
“There are significant tailwinds in the European biomethane sector driven by the circular economy benefits of treating agricultural waste together with the need to decarbonize sectors which are hard to electrify,” said Chris Archer, co-head of GIG Europe. “As a locally produced, direct alternative to fossil fuel-based natural gas, biomethane is an attractive solution for corporate and industrial customers looking to decarbonize.”
Financial terms of the transaction were not discl