Arjun Infrastructure Partners has become the majority owner of Danish biogas platform Bigadan through the acquisition of an additional stake.
The follow-on investment made through Infrastructure Alliance Europe 3 fund, was made for an undisclosed amount, following Arjun’s initial 49.9% share acquired in 2021.
The new ownership percentage and the investment amount were not disclosed.
Bigadan converts organic waste, including manure and food industry by-products, into biogas for renewable energy and fertilisers. The company operates nine biogas facilities and currently generates 1.3 TWh of renewable energy annually, aiming to exceed 2 TWh by 2027.
The company plans to expand its platform through the development of carbon capture facilities and the conversion of two additional plants from combined heat and power generation to grid injection.
Surinder Toor, managing partner at Arjun Infrastructure Partners, said: “This investment marks an important milestone in Arjun’s energy transition strategy, highlighting our strong conviction in the business.
“Bigadan’s integrated model represents significant growth and diversification opportunities, with exceptional positioning to support Europe’s decarbonisation strategy, backed by supportive Danish and European policy.”
Henrik Laursen, CEO at Bigadan, added: “We are pleased to have Arjun support us in our aspiration for the next phase of our growth strategy. Together, we work to implement a range of new initiatives and expansion projects to capture the opportunities in the biomethane, carbon capture, and energy transition sectors - unlocking the company’s significant growth potential.”
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