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Bioenergy DevCo takes over Italian peer

Photo by Steve Jurvetson (Flickr) [CC BY 2.0 (http://creativecommons.org/licenses/by/2.0)], via Wikimedia Commons

August 12 (Renewables Now) - US anaerobic digestion (AD) specialist Bioenergy Development Company (BDC) said on Friday it has acquired BTS Biogas, an Italian firm that develops, builds and manages biogas and biomethane plants.

Bruneck-based BTS Biogas has built over 220 plants around the world with a total capacity of 180 MW. These facilities use organic waste, by-products from the food industry, residues and agricultural by-products, as well as energy crops to produce renewable natural gas, compressed natural gas, electricity, heating and cooling, as well as organic fertilisers.

"With this investment, we are pleased to support expansion into North America as we continue to work independently in Europe to advance the adoption of this technology, expand anaerobic digestion know-how and strengthen the financial soundness of waste-to-energy projects," said Jeff Henslin, CEO of BTS Biogas.

Also last week, BDC announced it had secured a USD-106-million (EUR 94.4m) institutional investment from Newlight Partners LP so it could grow its operational footprint in North America.

(USD 1.0 = EUR 0.891)

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Browse all articles from Ivan Shumkov

Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

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