Dutch anaerobic digestion developer APF and equity investor Swen Capital Partners have sold their APF Energy joint venture to Schroders Capital’s renewable infrastructure manager, Schroders Greencoat.
Schroders Greencoat has acquired the platform for an undisclosed sum on behalf of its global strategy and semi-liquid funds.
The acquired portfolio includes three fully operational sites, three facilities under construction and a late-stage development pipeline.
Minal Patel, global head of infrastructure at Schroders Capital, said: ”Biomethane has an increasingly important role to play in the European energy transition, particularly in sectors where other low-carbon solutions are less readily available.
“The Netherlands is one of the more advanced markets due to its mature regulatory framework, strong policy support for renewable gas and well-established infrastructure. This platform gives us a strong foothold from which to apply the expertise we have built across our bioenergy portfolio.”
James Reid, investment director, Schroders Greencoat, said: “This transaction is an example of our focus on established platforms with operational assets, a clear development pathway for pipeline assets and exposure to a segment of the energy transition where the structural case is compelling.
“We look forward to working closely with APF Energy’s management team to continue scaling the platform and drive forward the decarbonisation of the Dutch energy system.”
Marco Middelkoop, CEO at APF Energy, said: “APF Energy would like to sincerely thank Swen Capital Partners and APF BV for their support and trust throughout the development of APF Energy, which has enabled us to build the platform to its current stage of maturity.
“We are delighted to welcome Schroders Greencoat as our new shareholder and look forward to working closely together to further scale the platform, optimise operations and accelerate the contribution of biomethane to the Dutch energy transition.”
François Pasquier, managing director and Grégoire Allemandou, principal at Swen Capital Partners, said: ”We are delighted to have supported APF Energy since the early stages of its development, helping to build a robust and growing biomethane platform in the Netherlands.
“Schroders Greencoat’s deep expertise in bioenergy and energy transition infrastructure makes them the great partner to take the platform to its next stage of growth. We are also particularly pleased that this transaction marks the first exit from our second vintage, Swen Impact Fund for transition 2, reflecting our strategy of backing high-quality platforms in the renewable molecules sector.”
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