An investor consortium comprised of European private equity energy investment specialists Pioneer Point Partners, global investment firm Davidson Kempner Capital Management (DKCM), and Denmark’s third largest pension fund Sampensio has acquired Denmark’s largest producer of biogas, Nature Energy A/S.
Nature Energy – a company founded by eight local Danish municipalities in 1979 as a natural gas distributor – is a European leader in the emerging green gas to grid sector, and sits at the intersection of green energy production, the circular economy in waste management, and sustainable farming.
“Green gas injected into the European gas grid can be stored, which is critical to driving more renewable energy because it balances intermittent power sources such as wind and solar. Green gas also provides a direct path to green transport and heating using existing distribution infrastructure”, said Sam Abboud, founding partner of Pioneer Point Partners.
“Nature Energy contributes to Danish agricultural output and productivity by returning scarce resources to nature, supports the local economy including more than200 Danish farmers who directly or via cooperatives own a minority stake in the nearest Nature Energy plant, and help Denmark’s green energy transition and circular economy commitment by recycling farm and food waste”, said Hasse Jørgensen, CEO of Sampension.
“We firmly believe that Nature Energy is the perfect platform to build a European giant in the emerging sector of grid injected waste-derived green gas, following other innovative Danish renewable energy players such as Vestas and Ørsted (formerly DONG) that have gone global”, said Sam Abboud.
The consortium partners are experienced in developing and building European market leaders in energy and environment sectors – Pioneer has built renewable energy and recycling companies in the last 7 years in the UK, Spain and Italy, with a pending investment in Germany.