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abrdn continues growth of biomethane platform in Italy including obtaining of incentive tariff

07 November 2024

  • Over the course of October 2024, the partnership between abrdn and Blu-H Energy S.r.l (“BHE”) (the partnership) has acquired four additional operating biogas facilities in Italy

  • Additionally, earlier in 2024 the partnership has successfully participated in the fourth incentive auction with two plants in the portfolio being awarded a 15-year biomethane incentive tariff

These acquisitions bring the total number of plants in the platform from eight to twelve. The partnership also has plans for further acquisitions in the near future.

Two of the twelve plants have participated in the fourth auction mandated by the Biomethane Decree1 and have successfully been awarded a 15-year incentive tariff to produce biomethane. Upgrading works for the relevant plants are expected to commence shortly.

The platform is part of abrdn's third Core Infrastructure Fund, ASCI III, which is currently raising funds and investing in the pan-European infrastructure mid-market and is classified as Article 8 under SFDR.

Soti Calochristos, Investment Director, abrdn Core Infrastructure, said: “These further acquisitions reflect our continued support of the biomethane sector.

We are very pleased with the development of our partnership with Blu-H Energy and look forward to continuing to acquire more operational biogas facilities in Italy, with the goal of upgrading them to produce biomethane in the future. Furthermore, the successful award of the incentive tariff is another big step in the development of our portfolio of biomethane plants.”

Ends

Media enquiries

Jemma Jackson

Head of Campaigns and Media, abrdn

jemma.jackson@abrdn.com 

07776 204 610

Rachel Cashmore

Media Relations Manager, abrdn

Rachel.Cashmore@abrdn.com

0734 170 3358

Notes to editors

  1. Decreto del Ministero della Transizione Ecologica n. 340 of 15th of September 2022.

About abrdn

abrdn’s Core Infrastructure team has successfully raised and deployed two infrastructure funds totalling over €2.3 billion and is currently raising its third infrastructure fund, abrdn Core Infrastructure III.

  • abrdn is a global investment company that helps clients and customers plan, save and invest for the future. Our purpose is to enable our clients to be better investors.
  • abrdn manages and administers £506.7bn of assets for clients (as at 30 September 2024).
  • Our strategy is to deliver client-led growth. We are structured around three businesses – Investments, Adviser and Personal – focused on their changing needs.
  • The capabilities in our Investments business are built on the strength of our insight – generated from wide-ranging research, worldwide investment expertise and local market knowledge.
  • Our teams collaborate across regions, asset classes and specialisms, connecting diverse perspectives and working with clients to identify investment opportunities that suit their needs.
  • As at 30 September 2024, our Investments business manages £368.2bn on behalf of clients - including insurance companies, sovereign wealth funds, independent wealth managers, pension funds, platforms, banks and family offices.

About BHE

  • BHE is an Italian renewable gas specialist, with origination and asset management capability, as well as a network of strong relationships with equipment providers, regulatory bodies and sector specialists.

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