Ludgate Environmental Fund has invested a further €2.3m into Agricapital, Europe’s largest biogas producer, bringing Ludgate’s total investment in the company to €7.3m.
Ludgate Environmental Fund has invested a further €2.3m (£2.1m) into Agricapital, Europe’s largest biogas producer, bringing Ludgate’s total investment in the company to €7.3m (£6.7m).
Agricapital will use the funds for organic growth, acquisitions and European expansion.
Based in Münster, Agricapital uses manure and crop silages as feedstock to produce biogas as they decompose. This methane-rich gas mixture is either burned onsite to create electricity or cleaned to biomethane and fed into Germany’s existing natural gas network. The fermentation residue is used as a high-quality fertiliser, returning nutrients to the soil.
Agricapital operates and manages 44 sites with an installed capacity of approximately 32MW and expects to increase this total to 51MW by the end of 2009. The company has a further pipeline of over 80 sites (74MW) under construction or in development and possible acquisitions of approximately 114MW.