The portfolio consists of five plants in late-stage development located in the Lombardy and Veneto regions, with an expected total combined production capacity of 170 GWh of biomethane derived from a processing capacity of over 250,000 tons of raw materials per year.
Construction is expected to start imminently in four of the five plants that already benefit from the DM 2022 incentive scheme. The plants are expected to start operations by the end of 2025, producing biomethane exclusively from animal residues and agricultural by-products not intended for human consumption. The portfolio aims to avoid approximately 50,000 tons of greenhouse gas emissions per year.
The transaction follows Verdalia’s recent acquisitions of seven operating plants and four greenfield projects in geographically synergistic areas of Northern Italy.
Launched in February 2023 with the aim of investing by 2026 at least €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.
The company counts on a team of over 90 people today and a pipeline of operational and mid- to late-stage development projects in Spain and Italy in excess of 2.8 TWh.
Advisors
For this acquisition Verdalia Bioenergy was advised by Intesa Sanpaolo (M&A), Ashurst (legal), EY (financial and tax), Ramboll (technical, commercial and environmental) and Aon (W&I). Green Arrow and Lazzari & Lucchini were advised by MFZ Partners (M&A) and Parola Associati (legal).
