TrønderEnergi and HitecVision to invest $30m in Scandinavian Biogas.

TrønderEnergi, an energy company, and HitecVision, a private equity firm, agreed to invest $30m in Scandinavian Biogas, a producer of biogas. "I am very pleased that through this capital raise we give Scandinavian Biogas good conditions for continued growth in Scandinavia and northern Europe. The deviation from the shareholders' pre-emptive rights is not a decision taken lightly, but the possibility to reach a time efficient solution under prevailing volatile market conditions with a substantial premium of around 62% was a strong reason. Now we can fully focus on continuing our growth journey and exploiting the future potential of biogas," Anders Bengtsson, Scandinavian Biogas Chairman.