European fund Marguerite takes control of French biogas group Keon

January 21 (Renewables Now) – Pan-European infrastructure fund Marguerite II has taken over a majority stake in French industrial group Keon SA from a pool of funds managed by Generis Capital Companions, Citizen Capital, Supernova Make investments and Sigma Gestion, in order to spice up its improvement as a renewable fuel producer in France and past.

Keon’s founders and administration will retain a shareholding within the acquired enterprise alongside Marguerite. The monetary particulars of the transaction weren’t disclosed within the assertion issued on Thursday.

Keon operates underneath three entities — biogas plant developer Naskeo Environnement, operation and upkeep division Sycomore in addition to improvement and funding arm Ter’Inexperienced. Naskeo has constructed over 60 biogas services since its inception in 2005 and is without doubt one of the foremost contractors within the French biomethane market. Ter’Inexperienced, for its half, was arrange in 2019 and owns 4 working crops, two in development and 7 underneath improvement.

Underneath the deal, Marguerite II will help Keon’s funding plan with the intention to develop its portfolio of biomethane initiatives in France and abroad.

“Electrical energy represents lower than 30% of the ultimate vitality consumption in France. Inexperienced fuel will subsequently need to play a job within the decarbonisation of the financial system, complementing renewables’ uptake,” Marguerite associate Guillaume Rivron mentioned.

The deal, Marguerite’s first sustainable infrastructure buy in 2022, aligns with the fund’s technique of backing developer-led renewable vitality platforms. It follows Marguerite’s investments in Spanish district heating developer Rebi, Swedish inexperienced knowledge centre operator Conapto and French solar-plus-storage firm ZE Vitality in 2021.

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