# VARO Energy acquires 80% stake in Bio Energy Coevorden

VARO Energy Group acquired an 80% stake in Bio Energy Coevorden (BEC), a major European biogas producer. The deal includes plans to expand the Coevorden plant to become the largest biogas facility in Northern Europe, increasing capacity from 300 GWh to 650 GWh by 2026.

- Type: Acquisition
- Announced: 2023-01-13
- Where: Coevorden, Netherlands
- Status: announced
- Capacity: 650 GWh
- Products: biogas, biomethane, bio-LNG
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [VARO Energy Group](https://endata.com/companies/67861.md) (acquirer)
- [Bio Energy Coevorden](https://endata.com/companies/67862.md) (target)

## Sources

- [industrielinqs.nl](https://www.industrielinqs.nl/archief/2023/01/varo-energy-bouwt-grootste-biogasfabriek-noord-europa-in-coevorden/), 2023-01-13: "VARO neemt tachtig procent van de aandelen in Bio Energy Coevorden (BEC) over."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.