Schroders Greencoat has acquired a 100% stake in Dutch biomethane platform APF Energy from SWEN Capital Partners and APF BV.
The platform features six assets, including three operational sites and three under construction, alongside a late-stage pipeline. Utilizing agricultural manure and food by-products, the platform directly addresses nitrate challenges linked to the Dutch livestock industry.
The Netherlands provides an attractive market due to its high volume of feedstock and one of Europe’s densest gas distribution networks. As a natural gas substitute, biomethane strengthens regional energy security by reducing reliance on fossil fuel imports.
Minal Patel, Global Head of Infrastructure at Schroders Capital, said, “Biomethane has an increasingly important role to play in the European energy transition, particularly in sectors where other low-carbon solutions are less readily available. The Netherlands is one of the more advanced markets due to its mature regulatory framework, strong policy support for renewable gas and well-established infrastructure.”
James Reid, Investment Director at Schroders Greencoat, said, “This transaction is an example of our focus on established platforms with operational assets, a clear development pathway for pipeline assets and exposure to a segment of the energy transition where the structural case is compelling.”
Marco Middelkoop, CEO at APF Energy, thanked SWEN Capital Partners and APF BV for their foundational trust, adding, “We are delighted to welcome Schroders Greencoat as our new shareholder and look forward to working closely together to further scale the platform, optimise operations and accelerate the contribution of biomethane to the Dutch energy transition.”
François Pasquier, Managing Director, and Grégoire Allemandou, Principal at SWEN CP, commented, “Schroders Greencoat’s deep expertise in bioenergy and energy transition infrastructure makes them the great partner to take the platform to its next stage of growth. We are also particularly pleased that this transaction marks the first exit from our second vintage, SWEN Impact Fund for transition 2 (SWIFT 2).”
Advisors for Schroders Greencoat included Voltiq, Eversheds, PWC, Haskoning, and PA Consulting. SWEN Capital Partners was advised by Green Giraffe Advisory, Clifford Chance, Deloitte, and DNV.
