Andion secures €67 million funds from Goldman Sachs for biogas projects

European biogas developer Andion CH4 Renewables has secured a €67 million facility for developing its short-term pipeline in Italy and the Nordic region. The new finances are provided by Private Credit at Goldman Sachs Alternatives bolstering Andion’s strategic mission to become a large European biomethane operator.

The current shareholders of Andion have on top made a considerable equity contribution led by Equitix.

“This marks a significant realisation and commitment of our steadily growing biomethane platform in the Italian and Swedish biomethane marketplace. Our partnership with Goldman Sachs Alternatives and our current shareholders demonstrates a strong confidence in foremost our team, but also our technology, project development and ability to deliver, own and operate biogas projects at scale.” said Jonas Martin-Löf, CEO and Chairman of Andion.

“The unique construct of Andion’s portfolio required a tailored financing, and we are excited to support Andion’s management team and shareholders with a structured private credit solution to accelerate the growth of their platform.” said Christian Schaefer, Managing Director, and Co-Head of Climate Credit at Goldman Sachs Alternatives.

“Equitix has been an investor in Andion for several years and continues to back management, the strategic plan and very much welcomes the new partnership with Goldman Sachs Alternatives to grow the company.”, said Oskar Backman, Managing Director, and Head of Nordic for Equitix.

Rise of Biogas Across Europe

The European biogas market is entering a period of accelerated growth, driven by energy security priorities, REPowerEU objectives, and Europe’s Fit for 55 climate targets. Post Ukraine-Russia conflict, biogas and biomethane are increasingly being recognised across Italy and Northern Europe as critical energy infrastructure, enabling the circular use of organic waste while delivering dispatchable, locally produced renewable gas for industry, transport, and power.

Today, engineered biogas assets are emerging as a resilient, long-term investment class that supports Europe’s transition to a low-carbon, resource-efficient energy system, while contributing to climate mitigation, energy independence, and sustainable waste management at scale.