Macquarie GIG Energy Transition Solutions fund acquires BayWa r.e. Bioenergy GmbH (BayWa r.e. Bioenergy) from BayWa r.e. AG (BayWa r.e.). BayWa r.e. Bioenergy’s portfolio includes five operational assets in Germany, and a pipeline of development assets based in Italy.
Macquarie Asset Management’s Green Investment Group (GIG), via its Macquarie GIG Energy Transition Solutions fund, has acquired BayWa r.e. Bioenergy GmbH (BayWa r.e. Bioenergy) from BayWa r.e. AG (BayWa r.e.).
BayWa r.e. Bioenergy is a specialist biogas platform. Active across the full asset lifecycle, the business develops, constructs and operates biogas projects which provide biomethane and power to local energy companies, industrial companies and energy traders. Its existing portfolio comprises five operational plants in Germany and a pipeline of development projects located across Italy. The business’s current operational assets produce a total of approximately 140GWh of biomethane annually helping avoid 13.16 ktCO2e of GHG emissions every year.
The investment comes as the European Union looks to rapidly reduce its dependency on imported natural gas. REPowerEU targets the production of 35 billion cubic metres (roughly 350 TWh) of biomethane by 2030. Meeting this demand is expected to require the construction of 5,000 new biomethane plants across the EU and €80 billion in capital investment . GIG intends to use these positive tailwinds to explore opportunities to grow the business’ presence in Germany, Italy and other existing and emerging growth markets in Europe. It will also seek to use the latest technology processes to enhance the platform – which could include the introduction of carbon capture and CO2 liquefaction that can be used for food-grade quality CO2.
“There are significant tailwinds in the European biomethane sector driven by the circular economy benefits of treating agricultural waste together with the need to decarbonise sectors which are hard to electrify. As a locally produced, direct alternative to fossil fuel-based natural gas, biomethane is an attractive solution for corporate and industrial customers looking to decarbonise. With its track record and deep technical expertise, BayWa r.e. Bioenergy is already a leader in this rapidly growing sector, and we are excited to work with the business’s current partners to support the platform’s continued growth.”
Co-Head of GIG Europe
“GIG has played a leading role in driving the net zero transition and is well placed to take BayWa r.e. Bioenergy GmbH and its employees forward and to realise their growth potential. BayWa r.e. AG will focus on its core business of electricity generation from wind and solar energy.”
CEO of BayWa r.e. AG
About Macquarie Asset Management
Macquarie Asset Management is a global asset manager that aims to deliver positive impact for everyone. Trusted by institutions, pension funds, governments, and individuals to manage approximately €510 billion in assets globally, we provide access to specialist investment expertise across a range of capabilities including infrastructure, green investments, real estate, agriculture & natural assets, asset finance, private credit, equities, fixed income and multi asset solutions.
Macquarie Asset Management is part of Macquarie Group, a diversified financial group providing clients with asset management, finance, banking, advisory and risk and capital solutions across debt, equity, and commodities. Founded in 1969, Macquarie Group employs approximately 18,000 people in 33 markets and is listed on the Australian Securities Exchange.
All figures as at 30 June 2022. For more information, please visit macquarie.com.
About Green Investment Group
Green Investment Group (GIG) is a specialist green investor within Macquarie Asset Management, and a global leader in the development of companies, assets and technologies that aim to accelerate the global transition to net zero. Initially launched by the UK Government in 2012 as the Green Investment Bank, it was the first institution of its type in the world. Acquired by Macquarie in 2017, GIG has grown to become one of the world’s largest green investors with a development pipeline of more than 30 GW in over 25 markets, spanning established renewables and emerging green technologies.
All figures as at 31 March 2022.