Plenium Companions, an impartial Spanish funding group targeted on renewable power, power transition, round economic system, and social infrastructure, has secured over €25 million in funding from ING Italia to assist its first biomethane plant in Italy. The financing was structured by a bilateral Venture Finance settlement.
The plant is situated within the province of Pavia, in northern Italy’s Lombardy area, and is anticipated to start operations within the first quarter of 2026. It’s a part of a broader platform of 4 biomethane vegetation being developed throughout the nation, following an settlement closed in July final yr with Aragorn Worth Management. Every of the deliberate vegetation has a capability of round 500 normal cubic metres per hour.
This preliminary facility has already taken half within the third biomethane tariff public sale organised by GSE, Italy’s renewable power incentive physique. It would course of roughly 50,000 tonnes of livestock and agricultural waste yearly, contributing to higher native waste administration. The plant can also be among the many few in Italy designed for full CO₂ restoration, which implies it should have a stronger impression when it comes to greenhouse fuel emission reductions in comparison with normal amenities.
A step ahead in Italy’s power transition
The concept for the platform was launched in mid-2024, when Plenium Companions, alongside Aragorn Worth Management, dedicated to constructing and working 4 biomethane vegetation in numerous areas of Italy, with an funding exceeding €100 million. This was performed by Plenium’s Ecualia Capital fund, with the objective of contributing to cleaner power manufacturing and supporting native growth.
Based in Spain in 2007, Plenium Companions has had a presence in Italy since 2010, with an workplace in Rome and an current portfolio of greater than 35 operational photovoltaic tasks. The brand new financing marks one other step within the group’s effort to increase and diversify its investments in Europe. The corporate plans to proceed exploring alternatives within the biomethane sector past the present platform.
ING’s function within the financing aligns with its broader dedication to supporting renewable power tasks in Italy and contributing to the worldwide shift in direction of a low-carbon economic system. By its Rising the Distinction technique, ING goals to mobilise €150 billion in sustainable finance by 2027 and enhance its annual renewable power financing to €7.5 billion by 2025.
Biomethane and its function in Europe
Biomethane is more and more seen as a related renewable power supply in Europe. It helps cut back waste by changing supplies like manure, agricultural residues, and meals waste into power, which in flip cuts landfill use and air pollution.
These vegetation may strengthen rural economies by creating jobs and providing new income alternatives to farmers and livestock homeowners who provide the natural materials.
