Heygaz secures finance to build 15 biomethane projects

Heygaz Biomethane, the European biomethane platform, secured a first-of-its-kind platform financing with a first tranche enabling the immediate development of more than 15 biogas or biomethane projects across Europe.

The quantum of finance secured is yet to be disclosed, but Heygaz held that financing provides it with the operational flexibility to support the development, construction and commissioning of a diversified portfolio of biomethane projects. It would also help in the expansion and conversion of its existing biogas plants to biomethane.

The company is building a scaled portfolio of assets in Europe, delivering sustainable, long-term value, while contributing to decarbonisation, energy security and circular economy objectives. This transaction represents a key milestone in the execution of Heygaz’s growth strategy, paving the way towards a target of 1.5 TWh of biomethane capacity by 2030.

The financing has been provided by a diversified group of lenders, composed of institutional infrastructure debt investors and commercial banks, reflecting strong appetite for long-term renewable infrastructure assets and confidence in Heygaz’s value proposition.

Fernando Sarasola, Executive Chairman of Heygaz Biomethane said, “Closing this financing marks one more milestone for our platform, confirms the robustness of our project pipeline and the strong capabilities of our team in delivering construction, operations and secure the commercialization of our biomethane”.

Pauline Fiastre of InfraVia Capital Partners added,“The support from this group of lenders allows us to accelerate the delivery of Heygaz’s strategic plan and strengthens our ambition to consolidate it as a leading biomethane platform in Europe”.

Nicolas Ritter of Infravia Capital Partners informed, “The secured facility has the right size and flexibility to finance efficiently our short-term pipeline of development and is expected to be topped up further as our new projects and M&A pipeline continues to mature.”

About Heygaz Biomethane

Heygaz Biomethane is a European renewable energy platform, focused on the development, construction and operation of biogas and biomethane plants. Its activities span the full value chain, from waste collection to commercialization of biomethane volumes in European markets. Headquartered in Madrid, the company has presence in five countries (Spain, Portugal, Ireland, Norway and Greece).

It operates nine plants and has an additional four under construction. Heygaz also has a large pipeline of greenfield projects at advanced stage of development, with several new project constructions planned in 2026 and 2027. In parallel it is pursuing an acquisition strategy of biogas plants for conversion to biomethane in Europe.