GMT, a designer, developer, owner and operator of biomethane infrastructure, has secured a £195 million project finance facility from ING to support the scaling of its UK biomethane platform.
The facility is structured as a non-recourse, multi-project debt arrangement, secured against individual projects and their contracted revenues rather than against GMT's corporate balance sheet. It comprises an initial committed tranche of £80 million and an accordion facility of up to £115 million to support future platform expansion.
Gianluca Greenaway, CEO and co-founder of GMT, said the deal reflected the robustness of the company's commercial model and marked a key milestone in its ambition to create 1TWh of energy for the UK by 2030, equivalent to around 15% of the UK's 2024 imports from Qatar.
The facility, he said, would allow GMT to move from individual developments to "a more scalable, repeatable infrastructure model — which is critical to delivering biomethane at the pace the UK energy system now requires."
GMT's development approach centres on standardised, high-performance assets using plug flow technology that can be replicated across multiple sites. Its projects are designed as multi-output assets, generating biomethane, biogenic CO₂ and nutrient-rich biofertiliser, creating diversified revenue streams and strengthening overall project economics.
The company says the financing will accelerate project delivery across a portfolio of assets, addressing one of the sector's long-standing challenges around efficiently financing and replicating projects at scale. GMT is targeting delivery of over 700GWh of carbon-negative biomethane.
Advisers on the transaction included Longspur Capital, Gowling WLG and Jones Day.
GMT secures £195m project finance facility for UK biomethane platform
