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abrdn doubles Italian biomethane platform with further growth anticipated

02 August 2024

  • Over the course of June and July 2024, the partnership between abrdn and Blu-H  Energy S.r.l ("BHE") (the partnership) has acquired four additional biogas facilities in Italy as part of its Italian biomethane platform

  • This has doubled the existing platform from four to eight operating plants

  • During July 2024, the partnership has also signed agreements for another three biogas facilities, with more under review

abrdn and BHE are pleased to announce that, over the last couple of months, the partnership has signed agreements to acquire three operating biogas facilities and completed the acquisition of another four operating facilities as part of its expanding Italian biomethane platform.

These four acquisitions bring the total number of plants in the platform to eight with the aim of increasing to eleven in the short term. The partnership also has plans for further acquisitions in the near future.

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 acquisitions reflect our continued support of the renewable energy sector and the biomethane sector.

It is a continuation of our partnership's strategy to acquire operational biogas facilities in Italy, with the goal of upgrading them to produce biomethane and making them eligible for the recently enacted Biomethane Decree1.

Once upgraded, the facilities will use best-in-class technology to produce biomethane, reducing Italy’s dependency on external gas imports while supporting its wider energy transition objectives.”

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 £508bn of assets for clients (as at 31 March 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 31 March 2024, our Investments business manages £374bn 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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