European biomethane platform Heygaz has secured a corporate financing deal, with an initial tranche set to enable the immediate development of more than 15 biomethane projects across Europe.
The financing will provide operational flexibility to support the development, construction, and commissioning of a diversified portfolio of biomethane projects, as well as the expansion and conversion of existing biogas plants into biomethane production facilities.
Headquartered in Madrid, Heygaz operates across the entire biomethane value chain, from waste collection to the commercialisation of biomethane volumes in European markets. The company also maintains a pipeline of greenfield projects at advanced stages, with several new constructions planned for 2026 and 2027. In addition, Heygaz is pursuing an acquisition strategy targeting biogas plants for conversion to biomethane across Europe.
The deal marks a key milestone in Heygaz’s growth strategy, which aims to achieve 1.5 TWh of biomethane capacity by 2030. Financing was provided by a consortium of institutional infrastructure debt investors and commercial banks, highlighting strong investor appetite for long-term renewable infrastructure assets.
Fernando Sarasola, Executive Chairman of Heygaz, said: “Closing this financing marks one more milestone for our platform, confirms the robustness of our project pipeline, and demonstrates the strong capabilities of our team in delivering construction, operations, and commercialisation of our biomethane.”
Pauline Fiastre of InfraVia Capital Partners added: “Support from this group of lenders allows us to accelerate the delivery of Heygaz’s strategic plan and strengthens our ambition to consolidate it as a leading biomethane platform in Europe.”
Heygaz was advised by DC Advisory as exclusive financial adviser, with A&O Shearman acting as legal counsel. Technical due diligence was provided by DNV, commercial due diligence by Oliver Wyman, legal due diligence by Eversheds Sutherland, and tax due diligence by EY.
