Palisade Real Assets has acquired a UK-based organic waste anaerobic digestion technology plant and has launched a bioenergy platform.
IPE Real Assets understands that Palisade is investing around £11.5m (€13.6m) to buy the Malaby Biogas plant in Warminster, Wiltshire as the first investment for the newly launched UK bioenergy platform BioticNRG.
Malaby has been operating since 2012, processes between 500-600 tonnes of organic waste per week and provides around 2,500 houses with renewable power.
Stephen Burns, CEO of Palisade Real Assets, said: “We are pleased to secure this high-quality bioenergy investment on behalf of our clients and BioticNRG.
“The Malaby team, led by Thomas Minter are industry pioneers, leading the way in providing local, distributed renewable energy, integrated development and driving practical innovation into the sector.”
Burns said Malaby’s managing director Minter has joined the Palisade Real Assets team as part of the transaction.
“I am thrilled to join the Palisade Real Assets team and to help build out the energy transition ambitions of BioticNRG - we have an exciting pipeline of investment opportunities across the anaerobic digestion value chain,” said Minter.
The BioticNRG platform will enable the Malaby team to continue to innovate and optimise - supporting R&D projects, implementing optimisation projects and institutionalising and promoting the knowledge base of the industry, Minter added.
Last month, Palisade announced the acquisition of UK-based renewable energy asset manager and developer Eco2 Management Services Limited, a deal Palisade said accelerates its energy transition investment plan in Europe and will “underpin a dedicated bioenergy platform focused on anaerobic digestion assets and adjacent infrastructure”.
At the time, Burns said the company had identified a “significant pipeline of investment opportunities across the anaerobic digestion value chain”, with the first major transaction for the bioenergy platform expected to be completed in the coming weeks.
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