Palisade marks first European acquisition

Palisade Real Assets and APG Asset Management have completed the acquisition of Lemvig Biogas in Denmark, marking BioticNRG's first investment outside the UK.

Lemvig Biogas is Denmark's largest thermophilic biogas facility, and the facility processes manure, organic waste and residual industrial products to generate renewable energy for the local community in Lemvig.

The acquisition follows an expanded capital commitment from APG Asset Management, acting on behalf of Dutch pension fund ABP, which will support BioticNRG's growth ambitions across both the UK and Europe.

The initial commitment supported the successful portfolio acquisitions of 10 anaerobic digestion sites, six green waste composting facilities, and adjacent infrastructure since 2024.

Palisade Real Assets and APG have also expanded the BioticNRG mandate to include European bioenergy assets, creating a dedicated investment strategy focused on opportunities across key European markets.

"We are excited to expand the APG mandate in the UK and into Europe with our first European acquisition. This transaction combines our operational expertise and long-term institutional capital with the outstanding track record of Lemvig Biogas management. and represents a significant step in the continued growth of the BioticNRG fund," Palisade Real Assets chief executive Stephen Burns said.

Lemvig Biogas chair Niels Bjerre added: "We are pleased to have found a buyer with solid experience in operating biogas plants and with a long-term perspective. It has been important for us to ensure a solution where the plant continues to operate with consideration for the local community and is further developed with the aim of accepting even more livestock manure from the municipality."

APG senior portfolio manager infrastructure Iulia Grosu said investing in biogas and biomethane continues to offer promising solutions to mitigate climate change, reduce waste, and provide renewable energy solutions.

"The BioticNRG collaboration with the Palisade Real Assets team continues to fit ABP's commitment to the energy transition, while securing attractive returns for its participants," Grosu said.

"The UK build out of BioticNRG combined with the subsequent first steps into Europe with the acquisition of Lemvig Biogas are fully aligned with our long-term vision for sustainability. We look forward to the further growth of the BioticNRG platform."