European biogas developer Andion CH4 Renewables has secured a €67m (USD 78.9m) private credit facility from Goldman Sachs Alternatives, alongside a fresh equity contribution from existing shareholders in a deal led by Equitix.
The financing will support Andion's near-term project pipeline in Italy and the Nordic region as the Luxembourg-headquartered company pushes towards its target of owning and operating more than 1 TWh of biogas and biomethane production by 2030.
Andion specialises in converting organic waste streams — including poultry litter, fish waste and livestock manure — into renewable energy through anaerobic digestion. The company has delivered more than 50 biogas projects to date.
Jonas Martin-Lof, CEO and chairman of Andion, described the deal as a landmark moment for the business. The financing reflects confidence not only in the company's technology and project development capabilities, but also in its ability to own and operate biogas assets at scale across multiple European markets, he said.
The announcement follows Andion's acquisition earlier this year of a majority stake in the Enerland biogas plant in the Bologna province of northern Italy. The facility will use anaerobic digestion to transform agricultural residues into renewable biomethane.
The combination of non-bank debt and equity support positions Andion among a growing number of European biomethane developers attracting institutional capital as the sector matures and regulatory frameworks across the EU increasingly favour renewable gas over fossil alternatives.
Goldman Sachs Alternatives backs European biogas developer Andion with €67m credit facility
