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14 min ago 3 min read
Fund management company Copenhagen Infrastructure Partners will receive €200m ($232m) from the European Investment Fund (EIF) to scale biomethane and advanced bioenergy across Europe to help advance the energy transition as well as energy security.
EIF is the EU’s venture capital and risk-finance institution for small and medium-sized businesses. Specific investments and funds are backed by the EU’s InvestEU and REPowerEU initiatives.
The cornerstone investment will go towards Advanced Bioenergy Fund (ABF) II – a fund that will finance the development, construction, and operation of new industrial-scale biogas plants using anaerobic digestion technology.
The projects will turn organic waste into biomethane to decarbonise sectors such as industry and maritime transport in countries such as Denmark, Ireland, Spain, Belgium, and Finland.
“By supporting the development of new biogas projects across Europe, we are helping increase domestic renewable energy production, strengthen energy security and accelerate the green transition,” said Merete Clausen, Deputy Chief Executive at EIF.
The fund targets €1.5bn ($1.7bn) and builds on ABF I, which reached final close in October 2023 with commitments of €750m ($870m). The fund has made four final investment decisions and committed over 80% of its funds by December 2025.
“[The latest investment] is an important step for the ABF II on its path towards the €1.5bn target,” said Thomas Dalsgaard, CIP partner and head of the advanced bioenergy team.
“We see strong market demand for the production of domestic biomethane across Europe and with the ABF II, and the existing portfolio of greenfield bioenergy projects, CIP is well positioned to deliver.”
The commitment comes just weeks after the EU called on existing biomethane plants to in its AccelerateEU policy document, which aims to fast track affordable and secure energy on the continent.
In March, 11 leading European industry associations signed a joint declaration to make biomethane the of the EU’s reindustrialisation, energy security, and transition to climate neutrality.
Earlier this week, a Dutch project ($174m) from the Netherlands Enterprise Agency to support the production phase of a biomethane plant in Delfzijl.
