Macquarie-backed Green Investment Group completed the acquisition of BayWa Bioenergy from BayWa.

Macquarie-backed Green Investment Group, an investment firm, completed the acquisition of BayWa Bioenergy, a green energy supplier, from BayWa, an energy company. Financial terms were not disclosed. “There are significant tailwinds in the European biomethane sector driven by the circular economy benefits of treating agricultural waste together with the need to decarbonise sectors which are hard to electrify. As a locally produced, direct alternative to fossil fuel-based natural gas, biomethane is an attractive solution for corporate and industrial customers looking to decarbonise. With its track record and deep technical expertise, BayWa r.e. Bioenergy is already a leader in this rapidly growing sector, and we are excited to work with the business’s current partners to support the platform’s continued growth," Chris Archer, GIG Co-Head.