Danish investment firm CoreCapital and Copenhagen Infrastructure Partners (CIP) are taking over the business of Lundsby Renewable Solutions, a Danish biogas plant developer that entered bankruptcy proceedings in October 2026. CoreCapital will acquire the majority of the business, while CIP will participate as a minority co-investor through its Advance Bioenergy Fund.
The business has been renamed Lundsby following the transaction, according to Renewables Now’s report. The acquisition is intended to preserve the company’s biogas expertise and capabilities after its financial collapse, although the available information does not specify the purchase price, the number of employees retained or the detailed terms of the transaction.
The deal brings together an established biogas engineering business and investors with existing exposure to renewable energy infrastructure, including CIP’s involvement in the development of the Tønder Biogas plant in Denmark.
Investment Deal Follows Lundsby’s Bankruptcy
Lundsby Renewable Solutions filed for bankruptcy on 5 October 2026, with the District Court in Viborg appointing a trustee on 6 October, according to industry reporting.
The subsequent takeover provides a route for the business to continue under new ownership. CoreCapital will hold the majority interest, while CIP’s Advance Bioenergy Fund will take a minority position.
The financial terms have not been disclosed in the information provided. It is also unclear whether the transaction includes all of Lundsby’s previous operations, contractual obligations, projects under development or assets.
CIP partner Andreas Brandt welcomed the outcome, saying the agreement would allow Lundsby’s capabilities to continue and highlighting the company’s experience and expertise in biogas. He also expressed an intention to continue the collaboration.
Lundsby Brings Decades of Biogas Engineering Experience
Founded in 1995, Lundsby has developed and built biogas facilities across Denmark and the wider Nordic region. The company has worked on 52 biogas plants, according to Danish industry reporting, and has experience spanning plant development, construction and optimisation.
One of its prominent projects is the Tønder Biogas plant in Denmark, developed in collaboration with CIP. The facility, inaugurated in 2025, has the capacity to process approximately 930,000 tonnes of biomass annually.
CIP’s involvement in Lundsby’s new ownership structure is therefore significant beyond its role as a financial investor. The firm has an existing relationship with the biogas developer and is expected to continue as a customer of the new business, according to Danish industry coverage.
Financial Losses Preceded the Collapse
Lundsby Renewable Solutions’ bankruptcy followed a difficult financial period. Danish industry reports indicate that the company accumulated losses of approximately DKK 70 million over two years. Reporting on the bankruptcy also linked its financial difficulties to a project in Finland, where the remaining cost of completing the work was reportedly expected to exceed the payment due from the customer.
The case illustrates the financial exposure that can arise in engineering, procurement and construction (EPC) contracts. Cost overruns, project delays and discrepancies between contracted revenue and actual completion costs can place substantial pressure on contractors, particularly when they are responsible for delivering complex industrial facilities.
The available reporting does not establish the complete financial terms of the takeover or the extent to which the new company will assume any commitments associated with the former business.
Bioenergy Business Analysis
The acquisition of Lundsby highlights two important dynamics in the European biogas sector: the strategic value of specialised engineering expertise and the financial risks associated with delivering complex renewable energy infrastructure.
Lundsby’s experience across 52 biogas plants represents a substantial base of engineering and project-delivery knowledge. Retaining that expertise could benefit plant developers and operators seeking to build new facilities, expand existing capacity or improve plant performance.
For CoreCapital, the acquisition provides a route into an established specialist business. CIP’s participation adds continuity to an existing commercial relationship, although the long-term implications will depend on the new company’s operating model, investment requirements and ability to secure projects on commercially sustainable terms.
The reported losses of approximately DKK 70 million underline a challenge for biogas developers and contractors: project demand does not necessarily translate into profitable execution.
Biogas plants require coordination across feedstock handling, digestion systems, gas upgrading, emissions controls and other process equipment. Unexpected technical difficulties, contractual disputes or construction overruns can erode margins, particularly under fixed-price turnkey agreements.
The new ownership structure may provide an opportunity to reassess how Lundsby prices projects, manages construction risk and allocates contractual responsibilities. However, the precise strategy of the new business has not been established in the reporting reviewed.
Related coverage: CIP’s investment in Italy’s Via Verde biomethane platform offers further context on the investor’s renewable gas activity.
