Verdalia Bioenergy to acquire 4 projects to develop and operate biomethane plants in Northern Italy The deal is part of Verdalia’s development path in Italy and allows the company to actively contribute to the country’s decarbonisation and energy independence agenda. Milan, July 30, 2024 – Verdalia Bioenergy, a European biomethane company backed by the infrastructure business of Goldman Sachs Asset Management, has reached an agreement to acquire a portfolio of 4 projects (the “portfolio”) to develop and operate biomethane plants in Piedmont and Friuli-Venezia Giulia from Healthy Business Advisory, S.r.l. (“HBA”). Following the recent acquisition of the seven already operating plants located in the province of Brescia, this further addition to the platform strengthens Verdalia's presence in Italy and positions the company as one of the leaders in the country's biomethane sector, with an infrastructure business model. The portfolio consists of four projects, which will benefit from the incentive program established by the Ministerial Decree of September 15, 2022, with an approximate combined production capacity of 230 GWh of biomethane derived from a processing capacity of 262,000 tonnes of animal and plant biomass per year. The portfolio aims to avoid approximately 53,000 tonnes of greenhouse gas emissions per year. One of the plants is expected to start operating in the last quarter of 2025, while the others are expected to start operating in the second quarter of 2026. The operation was undertaken in partnership with Healthy Business Advisory, S.r.l., a biomethane plant developer with experience in the renewable energy sector in Italy, which will continue to support Verdalia in project development up to ready-to-build status. Matteo Grandi, Verdalia Bionergy’s Country Manager in Italy, said: “Italy can have a leading role in Europe’s decarbonization agenda through biomethane. We’re very pleased of this latest milestone as it allows us to co-develop projects and diversify our Italian platform, enhancing our know-how while contributing to the country's energy transition efforts”. Launched in February 2023 with the aim of investing by 2026 in excess of €1 billion to develop, acquire, own and operate biomethane plants across Europe, Verdalia Bioenergy has made significant progress in Italy, becoming one of the largest operators of agricultural biomethane plants. Verdalia counts on a team of over 60 people today and a portfolio of the seven already operating plants in Italy and a pipeline of mid- to late-stage development projects in Spain and Italy in excess of 2.5 TWh.
Exciting times!
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