PATRIZIA, a global real assets investment manager, has secured more than €70 million in senior debt financing from UniCredit through its portfolio company Renergia, to accelerate the next phase of growth in Italy’s biomethane and bio-LNG sector.
The financing will support the conversion of existing biogas plants to biomethane production, alongside targeted acquisitions to expand Renergia’s renewable fuels network.
Once complete, the programme will enable Renergia to produce around 130 GWh of biomethane annually from approximately 230,000 tonnes of bio-waste and agricultural feedstock, cementing its position as one of Italy’s leading circular economy energy platforms.
UniCredit acted as global coordinator, mandated lead arranger, bookrunner and sustainability coordinator for the project financing, which establishes a flexible, long-term capital structure. The transaction underpins PATRIZIA’s broader strategy to scale mid-market infrastructure platforms that advance Europe’s energy transition and resource efficiency.
The deal marks a further milestone in PATRIZIA’s mid-market buy-and-build strategy, which has focused for nearly a decade on developing leading European circular economy platforms including SAREN Energy, Ecotermica Servizi, Renergia, Greenthesis and Statkraft Varme. Collectively, these businesses manage close to 2 million tonnes of material annually, recovering valuable resources and generating renewable energy and fuels.
Matteo Andreoletti, Head of Infrastructure Equity, Europe & North America at PATRIZIA, said: “Bio-LNG and biomethane are central to the circular economy, transforming organic and agricultural waste into renewable fuel that supports energy security, decarbonisation and resource efficiency. This transaction demonstrates how PATRIZIA’s long-term, active investment approach continues to scale real asset platforms that generate sustainable value for our investors and local communities.”
He added: “Our partnership with Renergia’s highly experienced management team has been instrumental in driving operational excellence and strategic growth. We continue to back strong leadership teams with deep sector expertise, aligning on value creation through disciplined capital deployment and platform scalability.”
Luca Vailati, Chief Executive Officer of Renergia S.p.A., commented: “This financing marks a major milestone in Renergia’s growth journey. It validates the strength of our integrated industrial model, combining circular economy, agriculture and renewable energy to produce biomethane and bio-LNG for Italy’s low-carbon transition.”
Since PATRIZIA’s investment in 2022, Renergia has expanded significantly, integrating four biogas production plants acquired in Italy’s Lombardy region in 2024 and 2025. Once upgraded to biomethane, these assets will increase Renergia’s production capacity by more than 250%, consolidating its position as one of Italy’s most advanced renewable fuels platforms with on-grid bio-LNG liquefaction capability.
Together with SAREN Energy and Statkraft Varme in Norway and Greenthesis in Italy, Renergia forms part of PATRIZIA’s growing European energy-from-waste portfolio, driving energy recovery, waste valorisation and circular economy growth across key markets.
Renergia was advised by ValeCap S.r.l. as financial adviser and White & Case LLP as borrower legal adviser. UniCredit was supported by Dentons (legal), EYP (technical and commercial), Pirola Pennuto Zei & Associati (tax) and Marsh (insurance).
PATRIZIA secures over €70 million to support Italy’s biomethane transition
