Asset investment manager Patrizia – through portfolio company Renergia – has secured €70m in debt financing from UniCredit to accelerate the roll-out of biomethane and bioLNG in Italy.
The transaction establishes a flexible, long-term capital structure to support the conversion of existing biogas plants to biomethane production, plus select acquisitions to expand Renergia’s renewable fuels network.
Once complete, the programme will enable Renergia to produce around 130 GWh of biomethane annually from approximately 230,000 tonnes of bio-waste and agricultural feedstock.
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