The UK’s Green Investment Group has sold 20 biomass assets with a combined generation capacity of 70MW to London-based Bioenergy Infrastructure Group.
The deal comes just days after Australia’s Macquarie Group completed its acquisition of Green Investment Group, formally known as the Green Investment Bank.
Assets in the transaction include four biomass and waste-to-energy facilities, 15 anaerobic digestion plants and a materials recovery facility.
BIG said the deal supports its ambition to more than double its assets over the next five years.
“Rising demand for electricity from industry and consumers and the need to treat waste in an environmentally sustainable manner reinforces the importance of investing in biomass and WtE technologies,” BIG chief executive Hamish McPherson said.
Image: waste wood (SXC)
Macquarie offloads GIB bio
Australian company sells 70MW portfolio to Bioenergy Infrastructure Group
By EBS