In Switzerland, VARO Energy will acquire 100% of the share capital in Renewable Energy Services, one of Europe’s leading biogas trading companies. The transaction strengthens VARO’s position in Europe by integrating its feedstock aggregation, manufacturing – VARO announced the acquisition of a 80% shareholding in Bio Energy Coeverden (BEC), one of the largest biogas facilities in Europe in January – alongside trading and customer offers.
Since 2013, Renewable Energy Services (RES) has been one of Europe’s fastest growing biogas suppliers and traders, having achieved growth in excess of 800% year on year. In 2022, RES made a significant impact across the 10 European countries in which it operates, sourcing 250,000 MWh of biogas. This resulted in a reduction of 60,000 tons of GHG emissions equivalent to 100,000 European households. RES is on track to deliver an even more substantial amount, aiming for 1 TWh of biogas in 2023. With its pan-European operations, RES plays a major role in matching producers and consumers of biogas in the EU, enabling substantial growth in the European market.
