In Germany, Macquarie GIG Energy Transition Solutions acquires BayWa r.e. Bioenergy, a specialized biogas platform.
A European ambition
In Germany, asset manager Macquarie develops, builds and operates biogas projects that produce biomethane. This acquisition represents an opportunity to meet the demand for biomethane induced by the RepowerEU plan. The company’s assets produce a total of 140GWh of biomethane per year, avoiding the emission of 13.16 kilotons of CO2.
The investment comes as the European Union seeks to rapidly reduce its dependence on imported natural gas. REPowerEU aims to produce 35 billion cubic meters (about 350TWh) of biomethane by 2030. Thus, this ambition requires the construction of 5000 biomethane plants in the Union and €80 billion of investments.
An industrial design
In Germany, Green Investment Group (GIG) is counting on this energy shift to explore industrial opportunities in the country. It is a European market that is emerging in this context. The company is also looking to use recent technological processes including carbon capture and liquefaction.
Matthias Taft, CEO of BayWa r.e., states:
“GIG has played a leading role in driving the transition to net zero and is well positioned to take BayWa r.e Bioenergy GmbH and its employees to the next level and realize their growth potential.”
The BayWa r.e Bioenergy platform for biogas comprises five operational plants in Germany. Macquarie manages approximately €510 billion in assets worldwide, including infrastructure, green investments and financing.