Aberdeen Teams Up with Blu-H Energy for Biogas Plant Acquisition

In a significant move within the renewable energy sector, Aberdeen, a European infrastructure-focused fund, has partnered with Blu-H Energy, an Italian renewable energy expert, to acquire four biogas plants for conversion to biometano. This acquisition is part of a strategic investment approach through Sorriso Holding, a renewables platform emphasizing biometano generation. Ernst & Young (EY) served as the comprehensive financial advisor for this transaction, offering strategic diligence, technical oversight, financial insights, and tax planning through a team led by various partners and managers. Green Horse contributed legal advisory support. Aligning with the 2022 Biometano Decree, this initiative aims to reduce Italy's reliance on gas imports by transforming existing biogas assets into advanced biometano facilities. To date, the partnership has already acquired 12 biogas plants and plans further acquisitions, leveraging Blu-H Energy's extensive network and expertise in asset management and acquisition within the renewable sector.