ENSO Energy Environment & Sustainability has obtained €165 million in financing to develop two greenfield biomass facilities in Spain, aimed at supplying thermal and electrical energy to major industrial clients under long-term contracts, reports Bioenergy Insight.
The plants, currently under construction, will serve Sociedad Cooperativa General Agropecuaria ACOR in Olmedo and the Solvay chemical facility in Torrelavega. ENSO expects the projects to deliver significant efficiency gains and cut over 400,000 tonnes of CO₂ emissions annually.
The financing was arranged by MUFG, Santander, Natixis Corporate & Investment Banking, Bank of America, and Cajamar, with Santander acting as coordinator. ENSO’s majority shareholder, Igneo Infrastructure Partners, also supported the deal.
ENSO Managing Director Elías Hernandez called the agreement “the result of a collective effort by the entire ENSO team” and confirmed the company’s focus on completing the Solvay and ACOR projects alongside other developments.
Igneo’s Managing Director Alessandro Valenti described the financing as a “significant milestone” in ENSO’s strategy to decarbonise energy supply for industrial clients across Iberia.
