Energy Acquisition Group Ltd (EAG) has acquired Greenan Generation Limited (GGL) and its 0.5MWe Anaerobic Digestion plant based in Eglinton, County Londonderry~Derry.
This marks EAG’s first acquisition as part of its recently formed joint venture with Scirocco Energy plc last month. The joint venture will be focused on securing investments in the European sustainable energy and circular economy markets.
Millar McCall Wylie acted for EAG in advising and managing all legal aspects of the acquisition.
Chris Kerr, Managing Director, EAG said: “Acquiring Greenan Generation Limited is an extremely positive development and represents a robust asset within our portfolio.
“The partnership of EAG and Scirocco Energy is well positioned to take advantage of the growing UK biogas market and this initial acquisition can serve as the template for other opportunities. Millar McCall Wylie’s expertise and pragmatic approach were instrumental in ensuring the deal completed smoothly.”
Scott Kennedy, Director, led our team advising EAG on the acquisition: “We are very proud to act for EAG in this significant transaction, the first as part of their joint venture with Scirocco Energy. This will undoubtedly be one of many similar long-term investments that will shape the growth of the company within the renewables sector.”