Kanadevia Inova acquires Iona Capital & its portfolio of 11 biogas projects

Kanadevia Inova, a global leader in solutions for the energy transition and circular economy, announces the acquisition of London-based Iona Capital Limited (ICL), along with a portfolio of 11 renewable gas plants in the UK and a substantial pipeline of projects globally.

The landmark acquisition accelerates the evolution of the Kanadevia Inova business beyond Business Development, EPC and plant lifecycle service provider, and into full plant ownership, management, and oversight of Renewable Gas assets through its Asset Management business unit.

Bringing Kanadevia Inova a step closer to its Vision of becoming a global, vertically integrated green utility, the move will increase the share of recurrent revenues within the business, building additional resilience and thus sustainably supporting its core EPC offering.

Kanadevia Inova CEO Bruno-Frederic Baudouin said, “I’m very pleased to expand the company in a way that strengthens our commitment to a future free of wasted waste and adds further resilience to our business. Bringing on board the team and project pipeline of ICL will help us accelerate the adoption of decarbonising technologies in the UK, across Europe and globally.”

Keith Carr, Kanadevia Inova’s Executive Vice President Asset Management, added, “I’m delighted to welcome the ICL team to Kanadevia Inova; their expertise will help us evolve into a more sophisticated and future-proof operation, all the while helping cities and countries meet their net zero goals.”

The acquisition brings 11 operating biogas plants into the Kanadevia Inova Renewable Gas infrastructure. An additional, substantial pipeline of projects throughout Europe, including the Netherlands and Italy, and also the United States, demonstrates the reach of the new business and its potential for further development in new markets.

ICL was formed in 2011 to facilitate long-term sustainable investing into primary low-carbon infrastructure projects.

Kanadevia Inova established its Asset Management business unit two years ago with just such an expansion in mind. The unit will optimise costs and lead times for all manner of facilities in the sector and at any place in the value chain, from business development right through to plant decommissioning.