VILNIUS - BaltCap, the largest Baltic private equity and venture capital fund manager, is investing in biogas plants in Latvia.
BaltCap Infrastructure Fund (BInF) has bought 75 percent of shares in Latvia's Anaerobic Holding for 9.45 million euros, BaltCap said in a press release.
The Latvian group consists of three biogas plants with a total installed capacity of 4.9 megawatts (MW) and two biogas raw material supply companies.
Latvian entrepreneur Nils Aleksa was Anaerobic Holding's largest shareholder before the deal.
This marks BInF's second investment this year, following the signing in November of 16 million euros worth of contracts on a 48-MW biomass plant project in Vilnius.