Innogy and partners agree deal to invest in GreenWatt

Innogy Venture Capital together with Gimv and other partners have signed an agreement to invest in Belgian company GreenWatt.

GreenWatt designs, operates and builds turnkey biogas plants for the decentralised generation of renewable heat and power from biodegradable high-water-content wastes without depending on the addition of slurry.

This technology is said to be particularly suitable for the energy recovery from organic wastes, and residues from agriculture and the food industry directly at the site of their origin.

In total, a financing round of €6m (£5m) is planned to finance GreenWatt’s international growth.