Future Biogas’ majority owner, 3i Infrastructure, has signed an agreement to syndicate c.23% of its stake in Future Biogas to RWE Energy Transition Investments (RWE), an investment vehicle of RWE Supply & Trading.
Completion took place on 27 September 2024.
Future Biogas is one of the largest anaerobic digestion (AD) plant developers and operators in the UK.
Since 3i Infrastructure’s investment in 2023, the company has successfully transitioned from being a third-party plant operator to an asset owner and developer; most recently announcing an acquisition of 51% of a portfolio of six AD facilities from JLEN Environmental Assets Group Limited in August 2024.
Given RWE’s far-reaching experience in the broader energy industry, their investment provides support to the company’s strategy and highlights the potential of the platform following the JLEN acquisition.
An RWE representative will join the Future Biogas board of directors.
The proceeds will be used to repay 3i Infrastructure’s funding of the aforementioned acquisition.
The remaining funds will stay in Future Biogas which continues to see a strong pipeline of future growth opportunities.
Scott Moseley and Bernardo Sottomayor, managing partners and co-heads of European Infrastructure, 3i Investments plc, investment manager of the company, commented:
“Future Biogas is a key enabler of the energy transition for UK corporates looking to decarbonise. We are excited by the rapid progress the business has made since our initial investment 18 months ago and believe that this investment by RWE Energy Transition Investments endorses the strategy that management are pursuing.”
“We are thrilled to partner with 3iN and support Future Biogas in becoming the UK’s top biomethane producer” said Costas Papamantellos, managing director & head of RWE Energy Transition Investments.
“We believe that Future Biogas has the in-house expertise to deliver its pipeline of unsubsidised AD plants and reduce the carbon footprint of industrial end-users. ”
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