Plenium partners secures €25 million to launch Italy's first biomethane plant
Summary
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 companys 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 Lombardys farming region, where it will use organic waste from nearby farms as its main input. The captured CO 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. 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.