VNG subsidiary acquires biogas facility in Gordemitz, Saxony
BALANCE Erneuerbare Energien GmbH continues its growth strategy
The wholly owned VNG subsidiary BALANCE Erneuerbare Energien GmbH (BALANCE) has acquired a biomethane facility in Gordemitz (a district of Jesewitz) in northern Saxony. The Leipzig-based company has agreed to an immediate takeover with the previous owner, Bioenergie Gordemitz GmbH. The parties have agreed not to disclose the purchase price.
BALANCE plans to complete building on the partially completed project this year and then to start biogas production and upgrading. The company, which specialises in green gases and alternative energies is thus continuing its growth strategy and will in future have a portfolio of 27 biogas facilities. “In our view, this is a project with very good prospects. We are convinced that once completed, this facility will be able to make a key contribution to climate protection and create valuable jobs,” says BALANCE Managing Director Friedrich Nollau. “We are not just investing in facility concepts, we are also developing these further through constant optimisation processes. Regional added value is very close to our hearts.”
At the end of last year, BALANCE increased its portfolio with the acquisition of eleven biogas facilities in various locations in eastern Germany by almost one third. With currently 26 facilities in operation, BALANCE has overall rated thermal input of approximately 95 megawatts and is contributing substantially to achieving the ‘VNG 2030+’ corporate strategy. This means that the Group will achieve significant growth in the field of biogas.
“BALANCE Erneuerbare Energien GmbH is on an ambitious growth path. For VNG, this is associated with a clear commitment to biogas as an energy source as part of our green gas strategy,” explains Hans-Joachim Polk, Member of the Executive Board of VNG AG with responsibility for infrastructure and technology. “Biogas can be used flexibly, can be stored and is able to supply the base load. This unique selling point means we can supplement the growing proportion of renewable fluctuating energies in German power generation on a sustainable basis.”
BALANCE is one of the leading operators of biogas plants in Germany. The company was founded in 2006 and currently operates 42 biogas facilities in Northern and Eastern Germany with a total rated thermal output of approx. 197 MWFTC. BALANCE is a wholly-owned subsidiary of Leipzig-based VNG AG, a Group specialising in gas and gas infrastructure with over 20 companies operating throughout Europe. It supplies approximately 180,000 households with climate-friendly energy. More at www.balance-vng.de.
