Palisade Real Assets acquires Eco2 Management Services
The acquisition accelerates Palisade Real Assets’ energy transition investment ambitions in the United Kingdom and Europe and will underpin a dedicated Bioenergy Platform focused on anaerobic digestion assets and adjacent infrastructure, according to the company.
Stephen Burns, CEO of Palisade Real Assets, said: “Embedding the asset management and development capability of the EMSL team into the Palisade Real Assets investment team will help drive high quality deal flow, enable operational value creation on complex assets that have multiple value propositions and ultimately deliver better investment returns for our investors.”
The Bioenergy Platform will own and operate anaerobic digestion assets that capture and convert energy from organic waste into efficient heat, electricity and transport solutions. It will aggregate bioenergy infrastructure assets – in what is currently a fragmented sector – to build a bioenergy enterprise.
The best-practice EMSL operational and feedstock management capabilities will be key to the delivery of strong and stable investment returns, and positive environmental outcomes. EMSL has a team of over 50 people and a 20-plus-year track record of managing high-performing renewables assets through concept, development, construction and operations.
“We see the decarbonisation of the waste, heat and transport sectors as key challenges for governments globally in achieving net zero emissions targets. The Bioenergy Platform’s investments in anaerobic digestion will be a valuable part of the decarbonisation toolkit for these sectors.”
“We have identified a significant pipeline of investment opportunities across the anaerobic digestion value chain, with the first major transaction for the Bioenergy Platform expected to be completed in the coming weeks.”
Darren Williams, CEO of EMSL, said "we are thrilled to join the Palisade Real Assets team. EMSL provides best-in-class asset management services to clients to ensure that their assets perform better and increase in value as a result of our active involvement.”
“Combined, the team will bring extensive real asset investment and operating experience across geographies and technologies to investors in the Bioenergy Platform.”