CIP announces ‘Greengate Biogas’ partnership for Irish market
When fully established, Greengate Biogas will produce nearly 1.8 TWh per year of biomethane across multiple projects, representing approximately 3.5% of Ireland’s current natural gas demand.
Under the much touted ‘Greengate Biogas’ partnership CIP, Atlas Renewables and Energex Partners will collaborate to develop, construct and operate biogas plants across Ireland with a primary focus on utilizing manure as feedstock. CI ABF I, managed by CIP, invests in advanced biofuels, including biomethane.
As per the official statement released of CIP, CI ABF I’s investors include several of the most significant pension companies in the Nordic countries. Greengate Biogas brings together CI ABF I’s expertise in developing large-scale biomethane plants across Europe and the local development team’s expertise within bioenergy and agricultural practices in Ireland.
CIP says that Greengate Biogas will produce nearly 1.8 TWh per year of biomethane across multiple projects, representing approximately 3.5% of Ireland’s current natural gas demand and 30% of Ireland’s 2030 biomethane target established in the recently published biomethane strategy. This equates to enough gas to heat over 160,000 Irish homes or meet 20% of Irish industrial gas demand1. The projects will inject biomethane into the grid and recirculate organic fertilizers to farmers contributing to Ireland’s circular economy and green transition.
Manure will be the predominant feedstock – and will be sourced in close collaboration with over 2,000 livestock farmers across the country. By implementing anaerobic digestion for improved manure management, Greengate Biogas will also help reduce emissions from the agricultural sector and address nitrate challenges, CIP held.
Andreas F. Brandt, Partner at CIP, says “We are excited to enter the Irish bioenergy industry with Greengate Biogas which will make a significant contribution to the green transition, as well as creating local jobs and investments across the agricultural and rural economies.”
Founded in 2012, CIP manages investments in renewables including biomass and energy-from-waste. Today, CIP manages 12 funds and has till date raised approximately Euro 28 billion for investments in energy and associated infrastructure from more than 160 international institutional investors.
