Green Investment Group buys bioenergy platform BayWa re

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Macquarie Asset Management’s Green Investment Group (GIG), through its Macquarie GIG Energy Transition Solutions fund, has acquired BayWa re Bioenergy GmBH from BayWa re AG, it announced.

BayWa re Bioenergy is a specialized biogas platform and is active throughout the lifecycle of assets, according to a statement from Macquarie Asset Management. The company develops, builds and operates biogas projects that supply biomethane and electricity to local energy companies, industrial companies and energy traders, he added.

Its portfolio includes five operational factories in Germany and a portfolio of development projects located throughout Italy. The company’s current operational assets produce a total of approximately 140 GWh of biomethane per year, which avoids 13.16 ktCO2e of GHG emissions each year.

“There are significant tailwinds in the European biomethane sector, driven by the circular economy benefits of agricultural waste treatment as well as the need to decarbonise sectors that are difficult to electrify. As a direct and locally produced alternative to fossil fuel-based natural gas, biomethane is an attractive solution for companies and industrialists looking to decarbonize,” said Chris Archer, co-head of GIG Europe. “With its track record and deep technical expertise, BayWa re Bioenergy is already a leader in this rapidly growing industry, and we are excited to work with the company’s current partners to support the continued growth of the platform.

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 350 TWh) of biomethane by 2030, the statement explains.

Meeting this demand is expected to require the construction of 5,000 new biomethane plants in the EU and €80 billion in capital investment. GIG intends to use these tailwinds to explore opportunities to increase the company’s presence in Germany, Italy and other existing and emerging growth markets in Europe.

It will also seek to use the latest technological processes to improve the platform, which could include the introduction of carbon capture and CO2 liquefaction which can be used for food grade CO2.

“GIG has played a leading role in the transition to net zero and is well positioned to drive BayWa re Bioenergy GmbH and its employees forward and realize their growth potential. BayWa re AG will focus on its core business of generating electricity from wind and solar energy,” concluded Matthias Taft, CEO of BayWa re AG.

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