Biogest, SWEN CP invest €30m in biomethane projects
SWEN CP recently created the first European fund committed to renewable gas - the SWEN Impact Fund for Transition (SWIFT) - whose core target is biomethane production assets and associated renewable gases.
Biogest Invest is dedicated to investments in renewable gas energy solutions, in which both parties share the capital. The company's first project is a 140 Nm3/h PowerRing biomethane plant located in Normandy.
“We are very enthusiastic to support the biomethane market in its growth alongside Biogest,” said Olivier Aubert, SWEN’s fund manager. “Biogest’s technology, which is one of the best in terms of energy efficiency, safeguards the profitability of our sustainable investments, and together with SWEN’s financial know-how, an excellent framework for beneficial expansion was created.
“The French market is the first location in our broad portfolio and highlights the growth of the biomethane sector in this country where more than a thousand projects are under preparation.”
Martin Schlerka, CEO of Biogest, added: “Our French success stories showcase how our expertise gives clients a purpose for their organic waste, create additional revenue, and contribute to the greater good of our planet.
“The first Biogest Invest project in France is a unique symbiosis of two leading experts to embrace renewable energy technology. We look forward to further construction starts in our international biomethane projects pipeline with our newly founded joint venture.”