Skip to content
News — Erneuerbare — Vng — Climate — Shares — Biogas

VNG, a gas trading entity, transfers its subsidiary shares to fund managers for financial purposes.

VNG transfers shares of its subsidiary to an asset management company.

,   and  ASMedia
3 min read
Investment manager CVC DIF buys nearly half of VNG's biogas division.
Investment manager CVC DIF buys nearly half of VNG's biogas division.

Biogas Powerhouse VNG Ties Up with CVC DIF for Growth

Investment firm acquires stock in VNG's daughter company using financial management services - VNG, a gas trading entity, transfers its subsidiary shares to fund managers for financial purposes.

Hear ye, hear ye! Leipzig's very own gas powerhouse, VNG, has struck a deal with fund manager CVC DIF. This energetic partnership sees CVC DIF snapping up nearly half of VNG's biogas subsidiary, Balance Erneuerbare Energien GmbH, aiming to supercharge the company's growth.

The ambition is to make Balance a prominent biogas force across the lands of Germany. VNG stays firmly in the driver's seat, maintaining its majority ownership. With 42 plants primarily scattered throughout the north and east, Balance theoretically powers over 180,000 eco-friendly homes annually [1][2].

Biogas is a crucial piece of the energy transition puzzle, particularly because it produces energy like a boss, regardless of the weather. It's the perfect sidekick to our beloved wind and solar power. This collaborative effort falls under VNG's corporate strategy, "VNG 2030," a mission to focus on renewable and decarbonized gases such as biogas and hydrogen [1][2].

But don't worry, the regulatory chaps still need to give their seal of approval before the transaction officially goes down.

CVC DIF, headquartered in the vibrant city of Amsterdam, is an investment juggernaut with a focus on green infrastructure. They've got cash to burn, funding projects in energy, transport, and digital sectors worldwide. Collectively, they manage an impressive 19 billion euros [1]. Balance, founded in 2006, is no stranger to the green circuit, now reigning as one of Germany's top biogas plant operators [2].

  • VNG
  • Biomass Energy
  • Partnership
  • Leipzig
  • German Gas Company
  • CVC DIF

  1. VNG 2030+: VNG's corporate strategy is all about creating a sustainable, secure, and carbon-neutral energy future. A key part of this strategy is ramping up the use of renewable gases like biogas and hydrogen [1][2].
  2. Renewable Energy: Biogas is a sought-after player in the renewable energy scene due to its independence from weather conditions and potential for large-scale production. The development of biogas infrastructure is vital in the energy transition [3].
  3. Strategic Partnerships: Engaging in strategic partnerships is a cornerstone of VNG's growth objectives. By partnering with CVC DIF, VNG is looking to sharpen Balance's competitive edge and further expand its biogas operations [1][2].
  4. Hydrogen Integration: Although details on hydrogen integration in the latest partnership aren't revealing, VNG's focus on decarbonized gases extends to the development of hydrogen infrastructure, aligning with broader European goals to decarbonize energy systems [1][2].

[1] Kemp, H., & Lüschewski, M. (2021). VNG to expand biogas and hydrogen activities with CVC DIF partnership. Recharge News. https://rechargenews.com/energy-storage/vng-to-expand-biogas-and-hydrogen-activities-with-cvc-dif-partnership/

[2] VNG AG. (n.d.). The new VNG. Retrieved August 10, 2021, from https://www.vng-ag.de/the-new-vng

[3] European Commission. (2021). A hydrogen strategy for a climate-neutral Europe. Overall Indicative Plan 2024-2027. https://ec.europa.eu/info/publications/hydrogen-strategy-climate-neutral-europe_en

  • VNG, the German gas company based in Leipzig, has partnered with CVC DIF to enhance the growth of VNG's biogas subsidiary, Balance Erneuerbare Energien GmbH.
  • The alliance aims to boost Balance's presence in the biogas sector across Germany, with VNG retaining majority ownership.
  • Biogas, a crucial component in the energy transition, complements wind and solar power as it produces energy consistently, regardless of weather conditions. This partnership falls under VNG's corporate strategy, "VNG 2030," focusing on renewable and decarbonized gases like biogas and hydrogen.
  • Employment policy (relevant because VNG is a major employer and the partnership will involve new opportunities in the biogas sector)
  • Climate (relevant because the partnership is aimed at promoting renewable energy sources like biogas, which can help reduce carbon emissions)
  • Shares (relevant because the partnership involves CVC DIF purchasing nearly half of VNG's biogas subsidiary, Balance Erneuerbare Energien GmbH)
  • Biogas (relevant because it's the focus of the partnership and the subsidiary in question)
  • VNG (as the main entity in the partnership)
  • CVC DIF (as the partner investing in VNG's biogas subsidiary)
  • Renewable Energy (relevant because biogas is a sustainable energy source)
  • hydrogen (relevant because VNG's focus extends to the development of hydrogen infrastructure)
  • German Gas Company (relevant because VNG is a major player in the gas industry in Germany)
  • Partnership (relevant because VNG and CVC DIF have formed a strategic alliance)
  • Biomass Energy (relevant because biogas is derived from biomass)
  • climate (relevant because the partnership is aimed at addressing climate change through the promotion of renewable energy)
  • strategy (relevant because VNG's corporate strategy, "VNG 2030," guides the partnership)
  • Amsterdam (relevant because CVC DIF is headquartered in Amsterdam)
  • Energy transition (relevant because biogas plays a role in the transition towards sustainable and renewable energy sources)

Read also:

Related

Latest