Biogas is an important component in tomorrow's decentralized energy system and is already helping to increase the share of green gases on the grid. Compared to wind and solar energy, biogas offers a decisive advantage: Its production is independent of weather conditions.
Biogas is a reliable energy source that can be stored and flexibly complements other forms of renewable energy. BALANCE currently has a portfolio of 42 biogas facilities in Northern and Eastern Germany with a total installed rated thermal output of around 197 MW. This makes BALANCE one of the largest biogas plant operators in Germany, supplying green energy to more than 180,000 households every year.
Ulf Heitmüller, CEO of VNG, said, " We are delighted to have gained a partner for BALANCE in CVC DIF, a party that brings a wealth of expertise in supporting their financial investments on their growth path through active value creation. CVC DIF also shares our perspective on biogas as an energy source, the potential of BALANCE, and values such as trust and transparency in our collaboration. Together we can further strengthen BALANCE's growth and competitiveness..."
Gijs Voskuyl, Managing Partner of CVC DIF, also outlined the central role of the partnership approach with VNG for the investment, saying, “The dynamics in the biogas market make it clear: Biogas is a key component in the decarbonization of the energy industry.
"On the back of strong regulatory tailwinds, we want to actively support this development and see the partnership with VNG as offering a highly professional setup and thus ideal conditions for BALANCE as a platform in Germany to participate in market growth. We are convinced that BALANCE is a high-quality investment that will provide our investors with stable returns and offer potential for long-term growth and sustainable value creation.”
The completion of the transaction is subject to approval by the relevant antitrust authorities.
