Denmark-headed greenfield renewable energy investors Copenhagen Infrastructure Partners P/S (CIP) through its CI Advanced Bioenergy Fund I (CI ABF I) has announced that it has secured two sites for two large industrial-scale biogas plants located in La Sentiu and Linyola respectively in Catalonia, Spain.
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Together with the Spanish biomethane (aka renewable natural gas – RNG) developer, Connect Bioenergy, CIP will develop the biogas plants towards the expected Final Investment Decision (FID) in 2024.
The Danish biogas technology provider, Lundsby Biogas A/S, will as a minority shareholder take part in the development of the project.
Furthermore, the La Sentiu project has been appointed a project of strategic importance by the Catalan government which implies that the permit application for the plant will be prioritized by the Catalan government and administration.
Gas-to-grid projects
The biogas plants will use green sustainable feedstock comprising organic waste such as pig manure from local farms, slaughterhouse waste, and other industrial organic waste.
The biogas will be upgraded into biomethane for injection into the existing natural gas grid and contribute to material circularity.
The organic materials will be recirculated as nutrients (fertilizer) for agricultural production and the biogenic carbon dioxide (CO2) will be made available for industrial use or for Power-to-X (PtX) projects.
We continue to see great potential in an efficient conversion of organic waste to green gas and green fuels. We believe that advanced bioenergy plays a key role in the green transition with the replacement of fossil gas, said Thomas Dalsgaard, Partner at CIP.
The plants will deliver on both the long-term need for energy security and independence and deliver on the decarbonization of hard-to-abate sectors – with total CO2 emissions savings of over 150 000 tonnes annually.
Additionally, they will aid local job creation and will be part of the solution to the regional challenge of a surplus of nutrients in the soil and waterways caused by the concentration of agricultural production.
The status of strategic importance for the La Sentiu project is an important milestone and a testimony of the recognition of local support from the Catalan government. We look forward to continuing the good collaboration with our partners and local stakeholders, and to finalizing the development of the project which will contribute significantly to the reduction of greenhouse gas emissions and create new local jobs, said Thomas Dalsgaard.
Investing in advanced bioenergy
CI ABF I is investing in advanced bioenergy plants in Europe and North America. It enables institutional investors to contribute to the energy transition and participate in the decarbonization of hard-to-abate sectors through the production of advanced biofuels and biogas.
The fund reached a second close of ≈EUR 500 million in September 2022 and has a target fund size of EUR 1 billion.
In addition to the biogas plants in Spain, CI ABF I is currently building a pipeline of advanced bioenergy projects across its target markets in Europe and North America.
CI ABF I is classified as an Article 9 “dark green” fund under the EU Sustainable Finance Disclosure Regulation (SFDR).