Palisade Real Assets has acquired a biogas plant in the southwest of England, the first investment via its dedicated BioticNRG UK bioenergy platform.
The investor has acquired Malaby Biogas Limited, the vehicle for an anaerobic digestion facility in Warminster, Wiltshire, that has been operating since 2012.
The project processes 500-600 tonnes of organic waste per week to produce renewable power.
Stephen Burns, CEO of Palisade Real Assets, said: “We are pleased to secure this high-quality bioenergy investment on behalf of our clients and BioticNRG. The Malaby team, led by Thomas Minter are industry pioneers, leading the way in providing local, distributed renewable energy, integrated development and driving practical innovation into the sector.
“As part of the transaction, we are delighted that Thomas has joined the Palisade Real Assets team. We look forward to working with Thomas to optimise the performance of Malaby and to pursue other high-quality bioenergy infrastructure investments and innovations for BioticNRG.”
Thomas Minter, Managing Director of Malaby, added: “I am thrilled to join the Palisade Real Assets team and to help build out the energy transition ambitions of BioticNRG – we have an exciting pipeline of investment opportunities across the anaerobic digestion value chain.
“Further, the BioticNRG platform will enable the Malaby team to continue to innovate and optimise – supporting R&D projects, implementing optimisation projects and institutionalising and promoting the knowledge base of the industry.”