Future Biogas announces an investment from RWE Energy Transition Investments

Future Biogas announces that its majority owner, 3i Infrastructure plc (“3i Infrastructure”) has signed an agreement to syndicate c.23% of its stake in Future Biogas to RWE Energy Transition Investments (“RWE”), an investment vehicle of RWE Supply & Trading GmbH, the energy trading arm of global renewable energy company RWE AG. Completion took place on 27 September 2024.

Future Biogas is one of the largest anaerobic digestion (“AD”) plant developers and operators in the UK. Since 3i Infrastructure’s investment in 2023, the company has successfully transitioned from being a third-party plant operator to an asset owner and developer; most recently announcing an acquisition of 51% of a portfolio of six AD facilities from JLEN Environmental Assets Group Limited in August 2024.

Given RWE’s far-reaching experience in the broader energy industry, their investment provides support to the company’s strategy and highlights the potential of the platform following the JLEN acquisition. An RWE representative will join the Future Biogas board of directors.

The proceeds will be used to repay 3i Infrastructure’s funding of the aforementioned acquisition. The remaining funds will stay in Future Biogas which continues to see a strong pipeline of future growth opportunities.

Scott Moseley and Bernardo Sottomayor, Managing Partners and Co-Heads of European Infrastructure, 3i Investments plc, Investment Manager of the Company, commented:

“Future Biogas is a key enabler of the energy transition for UK corporates looking to decarbonise. We are excited by the rapid progress the business has made since our initial investment 18 months ago and believe that this investment by RWE Energy Transition Investments endorses the strategy that management are pursuing.”

“We are thrilled to partner with 3iN and support Future Biogas in becoming the UK’s top biomethane producer” said Costas Papamantellos, Managing Director & Head of RWE Energy Transition Investments. “We believe that Future Biogas has the in-house expertise to deliver its pipeline of unsubsidized AD plants and reduce the carbon footprint of industrial end-users. ”

-ENDS-

Notes to editors:

3i Infrastructure plc

3i Infrastructure plc is a Jersey-incorporated, closed-ended investment company, an approved UK Investment Trust, listed on the London Stock Exchange and regulated by the Jersey Financial Services Commission. The Company’s purpose is to invest responsibly in infrastructure, delivering long-term sustainable returns to shareholders and having a positive influence on its portfolio companies and their stakeholders.

3i Investments plc, a wholly-owned subsidiary of 3i Group plc, is authorised and regulated in the UK by the Financial Conduct Authority and is the investment manager of 3i Infrastructure plc.

RWE Energy Transition Investments

RWE Energy Transition Investments is an investment vehicle of RWE Supply & Trading GmbH with a mandate to manage a diverse portfolio of Private Equity type financial investments in companies and assets that support the Energy Transition. RWE Supply & Trading GmbH is a wholly owned subsidiary of RWE AG, an international energy company leading the way to a green energy world. With an extensive investment and growth strategy, the company will expand its green generation capacity to 50 gigawatts internationally by 2030 by investing more than €50 billion gross for this purpose. RWE employs around 19,000 people worldwide and has a clear target: to get to net zero by 2040. Further information is available at www.rwe.com