Finnish energy group Fortum Power, Munich engineering office Oskar von Miller and Herbrechtingen-based saw mill operator Sturm Holding have sold 100% of their shares in Biomasse Heizkraftwerk Herbrech to Euro Bioenergie II GmbH. Financial details have not been disclosed.
Biomasse Heizkraftwerk Herbrech is a biomass-combined heat and power station located in Germany.
Denham Capital invests in long-term projects (infrastructure, regenerative power production and raw materials). Through Euro BioEnergy Holdings, the acquisition of the Herbrechtingen biomass-combined heat and power plant represents its second investment in Germany following the construction of one of the biomass power plants at Brunsbüttel in Hamburg.
From 2002 to 2004, the three former Biomasse Heizkraftwerk Herbrech shareholders had built up one of the most modern biomass-combined heat and power stations in Germany. The plant is predominantly fueled by approximately 120,000–160,000 tons of sawmill waste and other wood by-products. On the same site there is a Sturm Group sawmill and a modern pellet plant owned by the German Pellets Group.
Oaklins' team in Germany advised the seller. The transaction proved particularly complex since the purchaser replaced all former project financing.
Dr. Florian von Alten
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