Stephen Burns

Palisade Real Assets is pleased to announce its UK-based bioenergy platform, BioticNRG Limited, has acquired 100% ownership of Evercreech Renewable Energy Limited (“Evercreech”), a UK-based organic waste anaerobic digestion technology plant located in Shepton Mallet, Somerset with the capability of injecting 700m3/hr of gas into the National Gas grid.  

The plant provides the equivalent of up to 8,000 homes with green gas, all of which is produced in the UK. The site processes local food waste and offers a green and commercially beneficial alternative for local food producers by diverting waste from landfill. 

Evercreech is the latest anaerobic digestion (AD) plant acquisition of the BioticNRG platform, taking the number of owned AD plants to nine throughout the UK.  

The BioticNRG sites operate as gas-to-grid sites which supply gas into the National Grid and biogenic CO₂ to local consumers, and as combined heat and power (CHP) sites providing green electricity to local businesses as well as to the grid.  

BioticNRG also provides full site management operational services for an additional four third-party owned AD plants, and it owns five compost sites across the Midlands and East of England, all of which are PAS:100 certified. 

Ed Bastow, CEO of BioticNRG, said “We are pleased to secure Evercreech AD site to the group, it is an excellent strategic fit with our existing AD plants in the South West and allows us to significantly expand our operations and pool resources.”

Stephen Burns, Managing Director of Palisade Real Assets, said “This acquisition builds upon BioticNRG’s position as a leading owner and operator in the UK anaerobic digestion sector.  Evercreech aligns with the platform’s broader expansion plans and desire to be a solution to the UK’s food waste challenge.”

BioticNRG is supported by APG Asset Management (acting on behalf of its pension fund client ABP), one of the largest global pension funds. BioticNRG provides a platform to support the socially responsible, sustainable and innovative goals of APG’s clients. 

BioticNRG’s investments and activities are managed by Palisade Real Assets.  

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Stephen Burns

Palisade Real Assets has announced the acquisition of Eco2 Management Services Limited (“EMSL”), a UK-based renewable energy asset management and development company.

The acquisition accelerates Palisade Real Assets’ energy transition investment ambitions in the United Kingdom and Europe and will underpin a dedicated Bioenergy Platform focused on anaerobic digestion assets and adjacent infrastructure.

Stephen Burns, CEO of Palisade Real Assets, said “embedding the asset management and development capability of the EMSL team into the Palisade Real Assets investment team will help drive high quality deal flow, enable operational value creation on complex assets that have multiple value propositions and ultimately deliver better investment returns for our investors.”

The Bioenergy Platform will own and operate anaerobic digestion assets that capture and convert energy from organic waste into efficient heat, electricity and transport solutions. It will aggregate bioenergy infrastructure assets – in what is currently a fragmented sector – to build a bioenergy enterprise.

The best-practice EMSL operational and feedstock management capabilities will be key to the delivery of strong and stable investment returns, and positive environmental outcomes. EMSL has a team of over 50 people and a 20+ year track record of managing high-performing renewables assets through concept, development, construction and operations.

“We see the decarbonisation of the waste, heat and transport sectors as key challenges for governments globally in achieving net zero emissions targets. The Bioenergy Platform’s investments in anaerobic digestion will be a valuable part of the decarbonisation toolkit for these sectors.”

“We have identified a significant pipeline of investment opportunities across the anaerobic digestion value chain, with the first major transaction for the Bioenergy Platform expected to be completed in the coming weeks.”

Darren Williams, CEO of EMSL, said “we are thrilled to join the Palisade Real Assets team. EMSL provides best-in-class asset management services to clients to ensure that their assets perform better and increase in value as a result of our active involvement.”

“Combined, the team will bring extensive real asset investment and operating experience across geographies and technologies to investors in the Bioenergy Platform.”

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