Germany – Macquarie Asset Management’s Green Investment Group (GIG), via its Macquarie GIG Energy Transition Solutions fund has purchased BayWa r.e. Bioenergy GmbH from BayWa r.e.
The portfolio of BayWa r.e. Bioenergy consists of a pipeline of development assets based in Italy and five operational assets in Germany.
BayWa r.e. Bioenergy is a specialist biogas platform. The company plans, builds, and runs biogas projects that supply biomethane and electricity to regional energy providers, industrial businesses, and energy traders over the course of an asset’s entire lifecycle. Its current portfolio includes a pipeline of development projects spread out over Italy and five operational facilities in Germany. The company’s present operational assets generate about 140 GWh of biomethane yearly, preventing 13.16 ktCO2e of GHG emissions annually.
Investing in capital projects
As the European Union works to quickly lessen its reliance on imported natural gas, the investment is being made. By 2030, REPowerEU plans to produce 35 billion cubic meters (or around 350 TWh) of biomethane.
It is anticipated that in order to meet this demand, the EU will need to build 5,000 new biomethane facilities and invest €80 billion in capital projects. GIG plans to take advantage of these favorable tailwinds to look into ways to expand the company’s footprint in Germany, Italy, and other established and up-and-coming European markets. It will also try to improve the platform using the most recent technological methods, which can entail adding carbon capture and CO2 liquefaction equipment that can produce CO2 of food-grade purity.
