Frog Capital backs European biogas producer agri.capital

1 February 2010

UK growth capital investor Frog Capital has invested €3m in European biogas energy producer agri.capital.

The German government has set a goal for biogas of 18 per cent of total energy consumption by 2020, as part of the country’s strategy of reducing reliance on imported oil and gas. Biogas tariffs are currently fixed for 20 years from the start of each plant’s operation in the country.

Iyad Omari, partner, Frog Capital, said, ‘We have watched the biogas segment with keen interest for some time and are delighted to be making an investment in it through agri.capital. It’s a market segment with considerable momentum and great potential, and the management led by new CEO Dr Anton Daubner have just the right combination of commercial, technical, development and financial experience to take advantage of this.’

The investment was acquired from an existing shareholder and constitutes a portion of the €60m F Series round led by TCW Group and completed in May 2009.

Frog Capital has invested in cleantech companies since 2005. Its prior investments include SiC Processing, a global recycler of key fluids that are used in the production of semiconductor and solar wafers, wastewater treatment company Ostara, industrial oil recycler Hydrodec and UK solar company Solar Century.

Based in Munster, Germany, biogas producer agri.capital was established in 2004 and operates 46 electricity production sites with an installed electrical capacity of 29MW and three gas-to-grid sites with a bio-methane production capacity of 7MW. The company generates revenues of €1m and €2m per annum from each plant.

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Tags: biogas

This story was published on Monday, February 1st, 2010 at 11:59 am and is filed under Europe, biomass/biofuel, deals. You can follow any responses to article entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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