Fri, 16 Jan 2026 | BUSINESS NEWS
EAG Bioenergy, a renewable energy company headquartered in Belfast, has secured a £25 million loan from digital bank OakNorth to support its plans to grow via acquisitions. EAG Bioenergy is seeking to use M&A to scale its operational portfolio and increase its UK production of renewable electricity and biomethane.
The company was founded in 2019 and specialises in acquiring, operating and developing bioenergy, biofertisilier and biomethane assets in the UK and Ireland. It is backed by Vesper Infrastructure Partners and OrbeNovo Capital.
The OakNorth loan will support EAG as it scales its portfolio of bioenergy assets across the UK and Ireland through M&A. Assets the company is seeking to acquire through its growth plan include biogas and biomethane sites.
Peder Bratt, director of EAG Bioenergy and partner at OrbeNovo Capital, called the loan “another important step in executing EAG Bioenergy’s buy-and-build strategy across the UK’s fragmented biogas market.”
He continued: "The assets being acquired are high-quality, operational sites with expansion potential, that fit squarely within our investment thesis of building a scaled, diversified platform underpinned by long-dated, inflation-linked revenues.”
Bratt added that OakNorth’s “ability to structure and deliver capital efficiently” had been critical to enabling the firm to continue scaling rapidly, while taking “a disciplined approach to risk and value creation."
Michael McGregor, director of Debt Finance at OakNorth, said: "Biogas and biomethane play an increasingly important role in the UK’s energy transition, offering a reliable, low-carbon alternative to fossil fuels while supporting the circular economy.”
"With the UK biogas and biomethane market forecast to grow significantly, demand for high-quality, well-operated assets is strong. EAG Bioenergy benefits from an experienced management team, institutional backing and a clear strategy, and we’re pleased to support the business as it continues to build a diversified, scalable renewable energy platform."
In accounts for the year to December 31 2024, EAG Bioenergy Limited’s total assets were valued at more than £12.2 million, with net assets standing at approximately £2.2 million.
The UK saw significant M&A activity in the renewables sector during 2025
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