EvoInfra acted as financial advisor to Lazard Asset Management on the acquisition of DBE Energy, the owner and operator of a biogas plant in Surrey, England.
DBE Energy’s state-of-the-art biogas plant began receiving local food waste in January 2020 and has the capacity to process 25,000 tons of waste each year to produce up to 2.3 million cubic meters of clean, green, renewable biomethane, providing energy for around 700 average sized family homes per year.
Nicolai Tan, Director at EvoInfra and project lead: “We are delighted to have supported Lazard Asset Management’s private infrastructure fund on its inaugural investment in DBE Energy. The transaction highlights that the UK AD market remains an attractive market and has an important role in achieving decarbonisation targets.”
Robert Wall, Head of Sustainable Private Infrastructure at Lazard Asset Management: “The AD market in the U.K., despite being one of the most advanced in Europe, is fragmented and thus creates significant potential for consolidation and growth. We are delighted to have completed this investment in DBE Energy, and together with its management team are looking forward to growing this partnership further.”