Ellomay Capital acquires Dutch biogas facility

Israeli renewable energy firm Ellomay Capital has acquired all issued and outstanding shares of Groen Gas Gelderland (GG Gelderland), through its wholly-owned subsidiary, Ellomay Luxembourg Holdings, for €1.56 million.

GG Gelderland owns an operating anaerobic digestion (AD) plant in Gelderland, the Netherlands, with a permit that enables it to produce around 7.5 million Nm3 per year. The actual production capacity of the plant is approximately 9.5 million Nm3 per year. Ellomay intends to increase the permit to allow production to reach the facility’s full capacity.

The plant is expected to double Ellomay’s processing capacity in the Netherlands, from approximately 70,000 tons per annum to 140,000 tons per annum.

The firm’s local Dutch team and its technical advisors from Fichtner detected the main keys to improve the plant’s operations: professional management, improvement of the biology, and purchase management and strategic investments of approximately €1 million in the plant that should cut costs associated with digestate removal, equipment rentals, and maintenance costs.

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