Foresight acquires five operational AD plants in Germany
July 3, 2018
July 3, 2018 - Foresight Group, a leading infrastructure and private equity investment manager has acquired 100 per cent of the shares in a portfolio of five operational anaerobic digestion plants from Lindhorst Gruppe, a family-owned group of companies.
The acquisition signals Foresight’s appetite for bioenergy and wider renewable energy assets in the German market.
In total the plants export 17 MWe – equivalent of electricity and biomethane and in addition sell heat and certified biofertiliser, whilst benefiting from the German EEG renewable subsidy.
Minal Patel, partner at Foresight said, “We are delighted to have grown our Anaerobic Digestion portfolio with this acquisition from Lindhorst Gruppe. This deal marks Foresight’s expansion into the European AD sector and further consolidates our strong market position in the UK and Europe.”
Dirk Wenzel, CEO Lindhorst Gruppe, added: “We are pleased to have found a professional partner in the Foresight Group, who will continue and develop the regenerative biogas portfolio with the same sense of responsibility as we did. We ourselves will continue to work in the field of renewable energies and will make further investments.”
With this acquisition, Foresight strengthens its renewable energy portfolio to 20 AD plants in the U.K. and Germany, generating 154 MW of clean renewable energy.
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