Foresight Group expands AD interests beyond the UK
Foresight Group has acquired a portfolio of five anaerobic digestion (AD) plants in Germany, marking the company’s first investments into the country's AD sector.
An infrastructure and private equity investment management company, Foresight has acquired 100% of the shares in the portfolio of AD plants from Lindhorst Gruppe, a family-owned group of companies.
According to a statement from Foresight, the plants export 17MWe equivalent of electricity and biomethane, and in addition sell heat and certified biofertiliser. The facilities benefit from the German EEG renewable subsidy.
“We are delighted to have grown our Anaerobic Digestion portfolio with this acquisition from Lindhorst Gruppe” said Minal Patel, a partner at Foresight.
“The deal marks Foresight’s expansion into the European AD sector and further consolidates our strong market position in the UK and Europe.”
Foresight’s renewable energy portfolio now includes 20 AD plants in the UK and Germany, generating 154MW of clean, renewable energy.
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.”