Biofuels in storage. Credit: Pixa Flow via Shutterstock
Verbio acquires South Bend Ethanol and invests to scale up biomethane operation
German biofuel manufacturer Verbio has completed the acquisition of US-based South Bend Ethanol. The German biofuel firm will invest $230m into expanding South Bend’s Indiana ethanol plant to produce biomethane.
The plant currently produces 250,000 tonnes of ethanol per year. After the end of investments in 2026, it will have capacity to produce 850,000MWh of biomethane.
Vissim acquires marine optimisation tech provider Nesspoint
Vissim, a Norway-based firm that provides marine optimisation software for offshore wind projects, has purchased Nesspoint for an undisclosed sum. This marks the Norwegian firm’s first acquisition since its inception in 1998. Like Vissim, Nesspoint offers marine optimisation and planning software for offshore wind farms.
KKR to invest another $250m in India’s Serentica Renewables
US-based investment firm KKR has reached a definitive deal to invest a further $250m in Indian energy company Serentica Renewables. Last year November, KRR invested $400m in Serentica to support the latter’s clean energy capacity installation. This is designed to serve large-scale industrial clients.
Brazil’s Albras signs agreement to purchase solar power from Atlas
US renewable energy company Atlas Renewable Energy has reached a 21-year power purchase agreement with Brazilian aluminium producer Albras to supply solar power. Atlas will supply the energy from the 902MWp Vista Alegre photovoltaic project in the state of Minas Gerais in Brazil. It is expected to begin operations in 2025 and will produce 2TWh of clean electricity per annum.