Denmark-headed Copenhagen Infrastructure Partners P/S (CIP) through its CI Advanced Bioenergy Fund I (CI ABF I) has announced that it has signed an agreement with Wega Group Oy to establish an advanced bioenergy platform in Finland.
Under the partnership, CIP and Wega group will join forces to source, develop, and construct advanced bioenergy projects in Finland – primarily focused on technologies such as anaerobic digestion (AD) and gasification.
The collaboration brings together CIP’s expertise in financing and developing large-scale green transition infrastructure and Wega Group’s expertise within renewable energy and sustainable supply chains in Finland.
Once fully established, the platform will seek to develop multiple projects with individual investment sizes of EUR 50 million – 200 million.
We see a strong potential within the advanced bioenergy sector in Finland and have visibility on a robust pipeline within biogas and gasification. We look forward to progressing the project and pipeline development with Wega and contributing to Finland’s further transition to renewable energy, as well as creating investments and jobs in rural Finland, said Thomas Dalsgaard, Partner at CIP.
The projects will produce green, renewable natural gas (RNG) which can be used for the heavy transportation sector and other hard-to-abate sectors such as heavy industry, contributing to the circular economy and the green transition.
At Wega, we all are very excited to start building a new advanced bioenergy platform together with CIP. We are impressed by their expertise and forward-looking strategy. We believe that cooperation with a partner like CIP enables us to grow the Finnish advanced biofuel production to the next level, said Niko Ristikankare, CEO of Wega Group.
