OakNorth lends EAG Bioenergy $33.6M to scale UK and Ireland biogas acquisitions

In the UK, OakNorth has provided a £25m loan renewable energy company, EAG Bioenergy. EAG Bioenergy specializes in acquiring, operating and developing bioenergy, biomethane and biofertilizer assets across the UK and Ireland. Headquartered near Belfast, the firm is backed by Vesper Infrastructure Partners and OrbeNovo Capital. Vesper Infrastructure Partners is a value-add infrastructure investor focused on mid-market opportunities covering energy, energy transition, data & digital and social infrastructure themes. OrbeNovo Capital is a is a specialist private equity firm investing in growth businesses and real assets across the Energy & Industrials sectors with a focus on decarbonization.

The £25m loan from OakNorth will support the scaling of EAG’s existing portfolio of bioenergy assets, including biogas and biomethane sites across the UK and Ireland through acquisitions. The acquisitions enable EAG Bioenergy to further scale its operational portfolio and increase the production of renewable electricity and biomethane across the UK.