After a difficult first half of the year in Germany, due to uncertainty over amendments to the German Renewable Energy resources Act, the second half finished strongly. Total sales amounted to 101 million confirming the company’s position as a leading manufacturer of biogas plants. It now predicts double digit growth to 150-200 million Euros in 2009.
Olaf von Lehmden, CEO of EnviTec Bioga
Interest in biogas as an environmentally-friendly alternative to fossil fuels for energy production remains high and he believes the company will benefit from this.
In addition to Germany, the company sees the greatest potential for growth in Belgium, Italy, the UK, Spain and India.
The company also has invested in its own plants and these operations are beginning to pay off. Plants with a capacity of 12 megawatts have already been connected to the German national grid and there is a “promising project” in the pipeline. EnviTec Biogas intends to invest 40-60 million Euros in own-plant operations in 2009 to benefit from the stable cash flows and attractive margins offered from biogas production.