UK-headed infrastructure and private equity investment manager Foresight Group LLP has revealed that it has acquired 100 percent of the shares in a portfolio of five operational anaerobic digestion (AD) plants from Lindhorst Gruppe, a family-owned group of companies in Germany. According to Foresight, the acquisition signals its "appetite" for bioenergy and wider renewable energy assets in the German market.
In total, the five plants export 17MWe equivalent of electricity and biomethane and in addition sell heat and certified biofertiliser, whilst benefiting from the German EEG renewable subsidy.
We are delighted to have grown our Anaerobic Digestion portfolio with this acquisition from Lindhorst Gruppe. This deal marks Foresight’s expansion into the European AD sector and further consolidates our strong market position in the UK and Europe, said Minal Patel, partner at Foresight.
With this acquisition, Foresight strengthens its renewable energy portfolio to 20 AD plants in the UK and Germany, generating 154 MW of clean renewable energy.
We are pleased to have found a professional partner in the Foresight Group, who will continue and develop the regenerative biogas portfolio with the same sense of responsibility as we did. We ourselves will continue to work in the field of renewable energies and will make further investments, said Dirk Wenzel, CEO of Lindhorst Gruppe.
