Global renewable energy companies Low Carbon and Agrivert have formed a joint venture (JV) named Beacon to develop, build and operate biogas and biomethane projects across Europe.
Beacon combines the expertise of two best in class players in the renewable energy sector. Low carbon is an independent power producer (IPP) who have developed more than 2 GW of renewable energy capacity to date with a further 15 GW of projects in development. Agrivert has over 30 years’ experience and is considered one of Europe’s leading companies that design, build and operate anaerobic digestion facilities.
Biomethane is viewed as a key technology providing low-carbon renewable energy to help support the EU’s 2050 decarbonisation targets and is part of the EU Taxonomy and Renewable Energy Directive (RED).
The EU's biomethane production, either as biogas or its upgraded version, needs to reach 35 billion cubic metres (bcm) per year by 2030 as part of its REPowerEU plan and is estimated to require an investment of €37 billion.
The feedstock for the Beacon portfolio will predominantly be manure, food waste and agricultural residues. The biogas produced will be refined into biomethane and used in gas form or converted into electricity.
Dominic Noel-Johnson, managing director at Low Carbon stated: "We are delighted to partner with Agrivert, one of Europe’s leading experts in building and operating anaerobic digestion plants. Biomethane has been identified as a pivotal renewable technology to meet the EU's climate change targets, and we look forward to helping deliver those goals."
Phil Earl, chief executive of Agrivert added: "Agrivert has specialised in anaerobic digestion and biogas production for over 30 years, establishing and operating some of the most successful plants in the UK and, more recently, in Asia. This partnership with Low Carbon is an ideal and unique opportunity to expand across Europe and contribute to the EU’s ambitious biomethane targets as part of the drive to net-zero."
Low Carbon and Agrivert to develop European biogas platform
