en.Wedoany.com Reported - Capwatt, a multinational group specializing in sustainable energy solutions, has announced an investment in Italy to build three new renewable biomethane production facilities, with a combined annual output of approximately 151 GWh of biomethane. The projects are located in central and southern Italy and are designed to support the country's energy transition goals and the decarbonization of the transport and industrial sectors.
Capwatt has secured €56 million in green financing for the construction of these facilities. The financing syndicate includes ING Bank NV – Milan Branch and UniCredit Spa, both acting as Global Coordinators, Mandated Lead Arrangers, Bookrunners, and Green Loan Coordinators, with UniCredit also serving as Agent. Capwatt stated that this transaction is part of a broader project finance structure aimed at supporting its asset portfolio, extending beyond the three projects announced.
Miguel Gil Mata, CEO of Prismore Capital and Capwatt, stated that renewable biomethane is one of the concrete solutions to Europe's energy dependence, enabling industrial-scale circular economy by converting by-products from agriculture and livestock farming (which do not enter the food chain) into energy. Capwatt is committed to helping national and local institutions, as well as businesses, improve their environmental footprint, particularly in the agriculture, livestock, industry, and transport sectors.
Pierlorenzo Monterisi, Head of Biomethane in Italy, explained that these projects utilize livestock wastewater and agro-industrial by-products to produce high-quality biomethane and natural fertilizers that can replace chemical fertilizers. They are expected to help avoid approximately 30,000 tonnes of CO2 equivalent emissions annually. In addition to environmental benefits, the projects will promote circular economy and local development by creating jobs, utilizing by-products, generating additional income for biomass suppliers, and providing renewable energy.
The financing obtained requires compliance with strict ESG standards, adhering to the Equator Principles, EU Taxonomy, and DNSH requirements. Naim Danji, Head of Financing and Capital Markets at Capwatt, emphasized that this transaction demonstrates the company's ability to develop projects from concept to financial close. Miguel Gil Mata stated that Capwatt will continue to invest in new renewable biomethane projects in Europe, particularly in Portugal, Spain, Italy, and Poland. Controlled by Prismore Capital, Capwatt operates in Portugal, Spain, Italy, Poland, and Mexico, and has recently shifted its strategic focus toward renewable fuels, especially biomethane and energy storage solutions.
