Macquarie Capital Principal Finance has made further investment in the UK biogas sector with the acquisition of a majority stake in a greenfield anaerobic digestion development.
Macquarie Capital said its investment in Evercreech Renewable Energy will fund the construction of the plant, which is expected to begin injecting green gas into the UK’s national gas network by early 2022.
The Evercreech plant will be constructed on an industrial estate in Somerset, in the South West of England.
It will become part of Macquarie Capital’s existing Adapt Biogas. Macquarie Capital acquired a majority in Adapt Biogas in 2019.
Patrick Ottersbach, a managing director at Macquarie Capital Principal Finance said: “We have been at the forefront of financing innovative developments in the anaerobic digestion sector since establishing our platform in late 2019.
“Since then, we have supported Adapt Biogas by providing our expertise and the capital they need to achieve their growth ambitions. The addition of the Evercreech plant to the platform is a significant step towards realising those ambitions and becoming an important part of a growing sector that is expected to play a critical role in the UK’s plans to reach net-zero.”
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