VARO buys 80% of Bio Energy Coevorden

In the Netherlands, VARO Energy Group announced the acquisition of 80% of the shares in Bio Energy Coevorden BV (BEC) in The Netherlands, one of the largest biogas manufacturers in Europe. VARO is acquiring the shares from the existing shareholders, STAK Grisbe who will continue to own 15% of the business, and Van Drie Group, who will continue to own 5%. The transaction is expected to be completed in February. The move will double the current facility capacity from 300 GWh to 650 GWh by 2026. After the expansion, the site will be among the 3 largest biogas facilities in Europe.