Gowling WLG advises Pioneer Point Partners on €60 million institutional fund investment to Ireland biogas platform

3 minute read
02 June 2021

A team of corporate experts from international law firm Gowling WLG advised Pioneer Point Partners ("Pioneer"), the infrastructure investment firm, on the investment into a biogas platform by its institutional fund, Pioneer Infrastructure Partners SCSp ("The Fund").

The Fund is committing €60 million to Stream BioEnergy Limited ("Stream"), a leading developer and operator of Anaerobic Digestion ("AD") plants in Northern Ireland and the Republic of Ireland. The initial investment will be used in part to acquire Tully I, a 3MW operational AD plant, owned by a group of investors including funds managed by Foresight Group. The plant, which is located in Ballymena, Northern Ireland, has been both developed and operated by Stream. Pioneer is backing Stream to create Ireland's leading biogas company.

Gowling WLG has previously worked with Pioneer in relation to various investments including the investment into Echelon Holdings Limited, a company developing data centres and energy centres in Ireland and Primrose Solar, a UK developer of more than 250 MW of solar assets.

Gareth Baker and Stephen Bowman led the deal working with support from Eleanor Craven, Samantha Holland James Stainier and Tom Rank.

The firm worked with leading Northern Irish firm Arthur Cox on the transaction.

Gowling WLG's multi-disciplinary energy team has a market-leading reputation and operates seamlessly around the globe. The team has recently been ranked in the top 10 for Energy M&A deals by volume for 2021 by Clean Energy Pipeline and follows a series of recent mandates, including advising UK energy storage developer, owner and operator Eelpower on securing a multi-asset agreement with Swiss sustainable energy infrastructure fund manager SUSI Partners and advising on an investment into grid scale and micro-grid energy storage solutions manufacturer Enerox GmbH.

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