A Europe and North America bioenergy infrastructure fund managed by Copenhagen Infrastructure Partners (CIP) and backed by Nordic pension funds PensionDanmark, Industriens Pension, AP2 and AP4, has acquired Anaergia’s Envo Biogas project in Denmark.
CIP said the CI Advanced Bioenergy Fund I (CI ABF I) fund has acquired the biogas project in Tønder for an undisclosed sum.
Anaergia acquired the development project in 2021, finalised the development and achieved first gas on the plant on 15 November 2022.
Envo Biogas – expected to be commissioned by 2025 – will process up to 900,000 tons of organic waste to produce up to 1.4m MMBtu of renewable natural gas annually. The plant will also produce biogenic carbon dioxide that will be used by European Energy to produce green e-methanol to fuel container ships.
The deal is the first investment for CI ABF I and CIP’s first investment in renewable natural gas.
Thomas Dalsgaard, partner at CIP, said: “We are very pleased to have made our first investment into a large-scale and modern biogas project in Denmark, creating not just green energy, but also jobs and investments in the local community.
“It was a great achievement by Anaergia to reach first gas in November 2022, and we look forward to working with local stakeholders, farmers and suppliers - and to continue the construction of the plant that once in full operations will make a significant contribution to the green transition in the municipality of Tønder and in Denmark.”
Anaergia said it plans to deploy capital from the sale towards facilitating additional growth, mainly in Italy and Germany.
Andrew Benedek, chairman and CEO of Anaergia, said: “Having advanced the Envo Biogas Tønder project and adding substantial value, the timing is now right for Anaergia to divest of this facility and use the proceeds to advance other new and existing projects in Europe.”
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