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Member News28th Sep 2023

Burges Salmon advises Engie on biomethane acquisition

UK law firm Burges Salmon advised French Engie on its £64.8mn purchase of UK biomethane producer Ixora Energy, it said September 27.

The purchase consolidates Engie’s pipeline of projects in the region and strengthens its biomethane portfolio with the addition of three new production units in Devon and Somerset. Collectively they generate about 160 GWh/yr of biomethane. Engie also owns UK gas storage company Storengy.

Burges Salmon said it was a complex transaction involving many different moving parts but its ability to provide full service legal advice, coupled its understanding of the energy sector and local market, meant it was able to secure a smooth completion for all parties.

Engie said it was committed to contributing to the UK’s goals for renewable energy and decarbonisation.