Germany’s VORN Bioenergy GmbH has acquired Italian outfit Alvus, including its several project participations held via Favus.
Alvus is a developer in the biomethane and biogas sector. Launched in 2019, it has developed more than 10 biomethane projects, ranging in capacity from 500sm3/h to 1000sm3/h, the equivalent of 5MWth to 10MWth gas and 45GWh to 90GWh per year.
Two of its projects have been fully permitted, with a single authorisation.
This acquisition comes at a time when Italy’s National Recovery and Resilience Plan is gaining momentum, promoting and funding the production and utilisation of biomethane said VORN.
The plan to facilitate the region’s energy transition is expected to increase biomethane production in Italy tenfold by 2026 to approximately 2.3bn m3/a it said, adding the transaction aligns with the company’s long-term vision of exploring new growth opportunities across Europe.
Commenting on the acquisition, Alvus founder and former principal shareholder Christof Erckert said: “After years of working in partnership with VORN, I am very pleased to hand over the Alvus Group into good hands.
“With our project pipeline and VORN’s funding capabilities, we are well positioned to jointly realise our growth plans. I look forward to the next phase of our journey we have embarked on together. I am very grateful to VORN for the trust they have placed in the Alvus team.”
VORN Bioenergy chief executive Thorsten Holl added: “I am delighted to welcome the highly skilled and experienced team of Alvus to VORN.
“Joining forces with Alvus marks a significant milestone in VORN’s European expansion strategy by further enhancing our local traction, thus strengthening our position in the growth market of Italy.
“With a shared vision and our dedication to harnessing the PNRR subsidies, I am confident that we will achieve new heights in the biomethane sector together.”