Abrdn leads biogas to biometano transformation with Blu-H Energy
Deal News | Nov 04, 2024 | Finance Community IT - 3 Private Equity
Abrdn Investments, in collaboration with Blu-H Energy, has recently acquired four biogas plants through the investment vehicle Sorriso Holding. This move is part of a broader strategy to convert these plants into biometano producers, aligning with Italy's Decreto Biometano of 2022. EY played a crucial role as financial advisor, offering comprehensive due diligence services. The initiative is geared towards reducing Italy's reliance on imported gas and fostering energy transition. The partnership aims to acquire more biogas assets shortly, with a target set on enhancing bio-methane production capacity. Blu-H Energy, known for its expertise in biometano, brings strong connections with equipment suppliers and regulatory bodies, crucial for managing operational assets.
Sectors
- Renewable Energy
- Infrastructure Investment
- Financial Advisory
Geography
- Italy – The acquired biogas plants are located in Italy, and the project aligns with the Italian Decreto Biometano of 2022.
Industry
- Renewable Energy – The focus is on converting biogas plants to biometano production, a key part of renewable energy initiatives.
- Infrastructure Investment – Abrdn Investments operates in infrastructure investment, exemplified by its recent acquisition of biogas plants in partnership with Blu-H Energy.
- Financial Advisory – EY acted as the financial advisor, providing various forms of due diligence for the acquisition process.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Abrdn Investments | Buying Company | Company | An investment company focused on infrastructure assets, partnering with Blu-H Energy to acquire and convert biogas plants. |
| Blu-H Energy | Buyer’s Partner | Company | A specialist in the renewable energy sector with a focus on biometano, working with Abrdn to acquire biogas plants. |
| EY | Financial Advisor | Company | Provided comprehensive due diligence and advisory services for the acquisition. |
| Sorriso Holding | Investment Vehicle | Company | The platform used for the renewable energy acquisition, focusing on biometano generation. |
| Green Horse | Legal Advisor | Company | Supported the buying side in legal advisory aspects of the transaction. |