Renewable Energy Acquisitions in 2019

Macquarie Capital Principal Finance has completed a majority acquisition of BioCow, a UK biogas producer that uses anaerobic digestion to produce biomethane from agricultural waste. The investment will fund expansion of BioCow's operations in Cambridgeshire and support a pilot to inject biomethane into the UK national transmission grid.

Bioenergy DevCo (Bioenergy Development Company) has acquired Italy-based BTS Biogas to expand anaerobic digestion technology and operations in North America. BTS Biogas will operate as an affiliate, enabling Bioenergy DevCo to deploy modular anaerobic digestion plants that convert organic waste into renewable natural gas and soil amendments.

Bioenergy DevCo, a developer and operator of anaerobic digestion facilities, received a $106 million minority growth investment from Newlight Partners LP. The capital will be used to expand Bioenergy DevCo's operational footprint across North America to build and operate additional renewable natural gas and organics-recycling facilities.

Advanced Energy Industries sold its grid-tie central solar inverter services business to Bold Renewables Holdings, an affiliate of Right Lane Industries. SDR Ventures advised Advanced Energy on the divestiture as Bold Renewables expands its field-service, maintenance and parts platform for central inverters headquartered in Colorado.

Actis Capital has acquired South African independent power producer BioTherm Energy from Denham Capital for an undisclosed sum. The deal transfers a portfolio of wind and solar projects (over 500 MW across operational and development stages) to Actis as it expands its renewables footprint in Africa; Jasandra Nyker, formerly BioTherm CEO, will join Denham Capital in a senior role following the exit.