Copenhagen Infrastructure Partners’ CI Advanced Bioenergy Fund I (CI ABF I) has acquired the Envo Biogas project in Tønder, Denmark, from Canadian company Anaergia. This acquisition represents the first investment of CI ABF I, which aims to develop projects producing gas and green fuels from organic waste in Europe and North America to contribute to the decarbonization of the sectors and the security of gas supply.
A major project to produce renewable natural gas
Anaergia had acquired the development project in 2021 and finalized the development of the plant, which produced its first gas on November 15, 2022. When the plant is operating at full capacity – which is planned for 2025 – it will be one of the largest biogas plants in Europe, capable of converting about 900,000 tons of sustainable green feedstock into about 40 million cubic meters of renewable natural gas. The gas will be injected into the existing natural gas network to replace fossil gas. In addition, the plant will produce biogenic CO2 that will be used in European Energy’s power-to-X facility under construction at the nearby Kassø facility to produce e-methanol for shipping.
A sustainable investment that creates jobs
For CIP partner Thomas Dalsgaard, this acquisition represents a great success for Anaergia and a major investment for his fund. In addition to producing green energy, the plant will create jobs and investment in the local community. CIP looks forward to working with local stakeholders, farmers and suppliers to continue the construction of the plant, which, once fully operational, will make a significant contribution to the green transition in the municipality of Tønder and in Denmark. The financial terms of the transaction were not disclosed.