GERMANY - Consortium invests EUR 10m in agri.capital
Ludgate Environmental Fund Limited alongside Valiance Special Situations Fund, has invested a total of EUR 10m into agri.capital, a developer and operator of biogas plants in Germany.
The investment has been structured as 8% preferred stock with detachable warrants. LEF invests EUR 3m of the total sum. agri.capital was established in 2004. The business uses manure and various crop silages as feedstock to produce biogas as they decompose. This methane-rich gas mixture is either burned onsite to create electricity or cleaned to biomethane and fed into the existing German natural gas network. The fermentation residue is used as fertilizer.
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