BayWa sells German biomethane plant to Evergaz

BayWa re renewable energy GmbH today said it has sold a third biomethane plant to Evergaz Deutschland GmbH, a joint venture between French biogas company Evergaz and Paris-based infrastructure investment firm Meridiam.

The facility is located in Mehrum in Lower Saxony, Germany and produces some 700 Nm3/h biomethane and 600 kW of electricity. It was commissioned in 2012. BayWa re, renewables unit of German diversified group BayWa AG (ETR:BYW6), acquired the plant at the end of 2015 and refurbished it, investing some EUR 2 million (USD 2.3m).

"After the acquisition of the two biomethane plants in Pessin and Dessau in 2017, and the partnership with Meridiam in 2018, we are pleased to continue our development in Europe," said Evergaz managing director Frederic Flipo. Evergaz now owns and runs 10 biogas plants in Germany, France and Belgium.

Earlier this year, Meridiam committed to invest EUR 30 million to support Evergaz's plans to own and operate 30 biogas plants in Europe by 2020. The deal built on their partnership in Germany, where the companies have jointly owned anaerobic digestion (AD) projects since February 2017.

(EUR 1 = USD 1.155)

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