OakNorth Provides £25M Loan to EAG Bioenergy for Biogas Acquisition Strategy
OakNorth has issued a £25 million loan to EAG Bioenergy to facilitate its acquisition strategy in the biogas and biomethane sectors, reflecting the anticipated 13.7% annual growth in the UK biogas industry through 2033. Additionally, OakNorth provided a $4.9 million loan for the refinancing of a residential building in Brooklyn, New York, underscoring its commitment to sustainable development and urban revitalization.
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OakNorth has provided a £25 million loan to EAG Bioenergy to support its acquisition of biogas and biomethane operations, aiming to expand its renewable energy holdings. EAG, founded in 2019, is backed by Vesper Infrastructure Partners and OrbeNovo Capital.
The UK biogas industry is expected to grow at an annual rate of 13.7% through 2033. In addition, OakNorth granted a $4.9 million loan for the refinancing of a residential building in Brooklyn, New York.
This property has been upgraded and is managed by Top Quality Management. These initiatives highlight OakNorth's commitment to sustainable development and urban revitalization.
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