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Evergaz reinforces its position in Germany following the acquisition of a biomethane plant in Lower Saxony

10th September 2018

Evergaz specialises in biogas production and usage development, and is one of the main businesses in the AQUA portfolio with whom TempoCap are an investor.

Sector:

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Germany is the most mature biogas market in Europe; and the plant in Mehrum in Lower Saxony, Germany, is the third biomethane plant that Evergaz has acquired from BayWa r.e., a leading global renewable energy developer, service supplier, wholesaler and energy solution provider.

Frédéric Flipo, Managing Director at Evergaz said in a statement:

“After the acquisition of the two biomethane plants in Pessin and Dessau in 2017, and the partnership with Meridiam in 2018, we are pleased to continue our development in Europe.

“With this acquisition, Evergaz demonstrates its desire to pursue its development in Germany which is the most mature biogas market in Europe. To achieve this strategy, Evergaz intends to rely on key local partners in Germany, with recognised know-how, such as BayWa r.e.”

On completion of refurbishment at the Mehrum plant, the fermentation line will yield approximately 70 m kWh of energy per year. Just under 90% will be fed into the Avacon gas grid as biomethane. That corresponds to the amount of gas consumed by around 3,000 households.

Read the full press release here

About Evergaz & AQUA:
As an integrated operator specialising in biogas production and usage development, Evergaz develops, owns and operates a portfolio of biogas production plants. Created in 2008 as Holding Verte under the initiative of AQUA, investor and accelerator in the environment and energy sector, Evergaz supports and brings together territorial stakeholders – farmers, industrial companies and public authorities – to provide a sustainable organic waste management and treatment solution while producing green energy as well as natural fertiliser.

(Photo: BayWa r.e. renewable energy GmbH)

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