TheBioenergySite Latest News
Schmack and HgCapital sign €130 m deal on biogas plants
EU - Schmack Biogas AG and HgCapital, a leading private equity investor in Europe, has signed a €130 million framework agreement that will provide funding for a seriees of biogas plants, running until 2010.Under the agreement, Schmack Biogas will build 12 to 15 biogas plants with a combined capacity of approximately 30 MW. The bulk of the plant construction volume is expected to be ordered in 2008 and 2009. The framework agreement also covers the development of the respective project sites.
Commenting on the deal, Ulrich Schmack, CEO of Schmack Biogas AG said: "HgCapital is an experienced investor in renewable energies and already has extensive experience with biogas technology. Against this background, the strategic partnership is all the more valuable. We are particularly pleased that Aufwind Schmack, Regensburg, will be in charge of the commercial management of the projects, as the company has already worked successfully with HgCapital in the past."
Source: Biofuel Review
Latest Bioenergy Industry News
Schafer Leads US Delegation to Brazil Conference
USDA Invites Applications for Biorefinery Loans- Biofuels Not to Blame for Food Price Rises
CAP Health Check Will Help Farmers- Energy Diversification and Climate Change
Immediate Reform of UN Body Urged- Project Breaks Solar Efficiency Record
- Ethanol Agreement Between China and Brazil
Ethanol from Sugar for Angola- Biodiesel Plant Opens in Danville
