Plenium Partners, a Spanish green energy investment firm, has secured €25 million in funding from ING Italia to finance its first biomethane plant in northern Italy. The facility, set to be built in Pavia, represents a key step in the company’s efforts to expand renewable gas production across Europe, reports TechFundingNews.
The funding was arranged through a bilateral Project Finance agreement, a structure that transfers construction and operational risks to special project entities. This approach ensures stability for investors and helps streamline development, reflecting growing confidence in biomethane as a clean energy solution.
The Pavia plant, scheduled to become operational in early 2026, is located in Lombardy’s farming region, where it will use organic waste from nearby farms as its main input. Each of the planned four plants will process 50,000 tonnes of waste annually, with the platform as a whole expected to divert 200,000 tonnes from landfills every year.
The project is part of a €100 million initiative led by Plenium Partners in collaboration with Aragorn Value Leadership under the Ecualia Capital fund. The partnership aims to construct four identical biomethane facilities across Italy. Each will produce 500 standard cubic metres of biomethane per hour and has secured government incentives through Italy’s third biomethane tariff auction, ensuring financial viability.
Unlike typical biogas plants, Plenium’s Pavia project will feature advanced carbon capture technology. Instead of releasing CO₂ into the atmosphere, the plant will purify and reuse it, significantly reducing net emissions. The captured CO₂ can also be sold for use in the food, beverage, horticulture, or chemical industries, creating additional revenue opportunities.
Since entering the Italian market in 2010, Plenium Partners has built a portfolio of over 35 operational solar projects. The move into biomethane marks a strategic expansion into renewable gas, broadening the company’s green energy footprint across Europe.
Biomethane, made from farm waste and other organic materials, helps reduce emissions and dependence on natural gas. These plants also provide local jobs and new income sources for rural communities.
As Europe works toward its 2030 climate targets, biomethane is expected to play a crucial role alongside solar, wind, and hydrogen. With its Pavia plant, Plenium Partners shows how investment, innovation, and collaboration can turn agricultural waste into a clean energy asset—paving the way for a more sustainable energy future.
For detailed information and further insights, please refer to BioEnergyTimes.com, which provides the latest news about the Biomass Industry
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