abrdn has entered into a long-term partnership with BHE to acquire operational biogas assets in Italy, with a view to upgrade the facilities to enable the production of biomethane, making them eligible for the recently enacted Biomethane Decree.
The partnership has signed agreements to acquire two operating biogas facilities, and the venture has plans to make further acquisitions in the near term.
BHE is an Italian renewable gas specialist, with origination and asset management capability, as well as a network of strong relationships with equipment providers, regulatory bodies and sector specialists.
Once upgraded, the facilities will use best-in-class technology to produce biomethane, reducing Italy’s dependency on external gas imports while supporting its wider energy transition objectives.
This marks the third investment by abrdn’s third core infrastructure fund, ASCI III, which is currently fundraising and investing in the pan-European infrastruct