BALANCE Erneuerbare Energien acquires biogas plant portfolio

Biogasanlage Oschatz Balance VNG Bioenergie GmbH
20. December 2018
BALANCE VNG Bioenergie GmbH
VNG subsidiary extends biogas business under group strategy “VNG 2030+”

BALANCE Erneuerbare Energien GmbH (BEE), a wholly-owned subsidiary of VNG Group company BALANCE VNG Bioenergie GmbH (BALANCE), today acquired the German biogas plant portfolio of Enovos Luxembourg S.A. The portfolio consists of a total of five biogas plants located in Saxony-Anhalt (Haldensleben-Satuelle and Oebisfelde) as well as in Lower Saxony (Buchholz). At the same time, the employees responsible for operating the plants have been transferred to BEE. The acquisition is still subject to approval by the Bundeskartellamt (the Federal Anti-Trust Authority). The parties have agreed that the purchase price should be kept confidential. The newly acquired biogas plants will expand the present portfolio of BALANCE, which currently includes eight plants.

With the new biogas plant portfolio, BALANCE is doubling the capacity of its portfolio and consistently pursuing its growth strategy. The VNG company is making a key contribution to substantial growth in the biogas field in line with the VNG Group strategy “VNG 2030+”. “Biogas can be used and stored flexibly, which is a key USP of this fuel. In addition, biogas can be used today to reduce CO2 emissions in the heating and transport sectors. We see considerable prospects for biogas as an effective supple-ment to the growing share of fluctuating renewable energy sources in Germany,” says Hans-Joachim Polk, Member of the Executive Board of VNG responsible for Infrastructure and Technology.
 

BALANCE VNG Bioenergie GmbH
BALANCE VNG Bioenergie GmbH was established in December 2006 as a wholly-owned subsidiary of VNG AG. The com-pany pools the activities of VNG in the field of alternative energy sources and energy efficiency technologies. BALANCE VNG focuses on comprehensive professional project development and participation in biogas and biomethane projects. The company currently has a workforce of 11 people and its Managing Directors are Thomas Fritsch and Anja Köhler-Damm. More at: www.balance-vng.de.

VNG AG
VNG is a group of over 20 companies active in the European energy industry with a broad, future-oriented portfolio of products and services in gas and infrastructure, and 60 years of experience in the energy market. Headquartered in Leipzig, the Group has a workforce of some 1,200 and generated sales of €10 billion in the 2017 financial year. VNG concentrates on three links in the gas value chain: Trading & Sales, Transport, and Storage. Building on these core competences in the gas business, the Group’s “VNG 2030+” strategy places a growing focus on new business fields. These include biogas, digital infrastructure, and district solutions.