agri.capital, a renewable energy company that develops, owns and operates biogas plants in Europe, has raised EUR60m in new equity.
agri.capital, a renewable energy company that develops, owns and operates biogas plants in Europe, has raised EUR60m in new equity.
TCW Group, through its European Clean Energy Fund, led the round and was joined by returning investors Altima Partners, Green Partners, Halcyon and Ludgate Environmental Fund.
Concurrently the company entered into a EUR10m mezzanine debt facility with Ecofin.
The company will use the new funds for organic growth, to expand its presence in Europe and to explore acquisition opportunities. agri.capital is currently the largest biogas producer in Europe with a portfolio of 32.2 MW of installed capacity.
'This funding represents a significant milestone for agri.capital,' says Peter Stepany, co-chief executive of agri.capital. 'Our goal is to continue as the market-leader in biogas generation in Europe, and we are pleased to have the backing of a blue chip investor like TCW.'
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