Biogas operator Evergaz purchases BayWa r.e. biomethane plant
BayWa renewable energy (BayWa r.e.) announced in a press release that it had sold a biomethane plant in Mehrum, located in the Lower Saxony region of Germany to prominent France-based biogas operator Evergaz.
In the press release, the biogas developer noted that the plant produces 700Nm³/h and 600kW of electricity (CHP) of total biomethane output.
According to BayWa r.e., this deal is the third of a series of biomethane plants that they have brokered to Evergaz as part of a joint venture between both Evergaz and Meridiam, an infrastructure investment company.
The Mehrum plant in question was first commissioned in 2012, and BayWa r.e. outlines in the press release that the plant had changed owners several times before they had chosen to acquire it in 2015.
BayWa r.e. claims it has since refurbished it comprehensively, investing approximately €2 million ($2.3 million) into the plant. Upgrades included a new fermentation residue storage tank as well as an expansion of storage capacities, among others.
Post-refurbishment, the plant’s fermentation line is expected to yield approximately 70 million kWh of energy per year.
“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,” said Frédéric Flipo, Evergaz’s Managing Director.
“With this acquisition, Evergaz demonstrates its desire to pursue its development in Germany which is the most mature biogas market in Europe.”