Andion CH4 Renewables (“Andion”), a European biogas developer, owner and operator, has successfully closed a €24 million project financing to fund the construction of its fully permitted biomethane production plant in Mirandola (Modena), Emilia-Romagna.
The project represents a further milestone in Andion’s integrated platform strategy focused on the development, construction and long-term operation of low-carbon anaerobic digestion infrastructure across Europe.
The Mirandola plant, which is under construction, is being developed under Italy’s DM 2022 biomethane incentive scheme and will produce liquefied biomethane (LBG) from agricultural waste using anaerobic digestion technology. The facility will have a maximum annual production capacity of approximately 44 GWh (c. 3,000 tons of LBG) and will process more than 70,000 tons of manure-based feedstock per year under long-term supply agreements with local farmers. The project benefits from a long-term LBG offtake agreement with SOL Group, which also holds a 20% equity stake in the plant, as previously announced. Production is expected to commence in Q2 2026.
“Mirandola marks an important step for Andion as our first fully integrated and owned greenfield project in Italy. The plant has been designed to meet the highest standards of quality, safety and sustainability, leveraging the expertise of our engineering team and experienced partners in the biogas and biomethane sector.” said Michele Lissoni, Managing Director, Italy.
The €24 million financing was arranged by a pool of lenders comprising BNL and Mediocredito Centrale. The transaction reflects strong institutional backing for the project and its environmental impact, as well as continued confidence in biomethane infrastructure as a core component of Italy’s energy transition strategy.
ValeCap acted as exclusive financial advisor to Andion CH4. Studio Legale De Berti Jacchia Franchini Forlani acted as legal counsel to the borrower.
The lending pool was assisted by Norton Rose Fulbright as legal advisor, Protos as technical and commercial advisor, Marsh as insurance advisor and KPMG for model audit activities.
About Andion CH4 Renewables
Andion CH4 Renewables is a European biogas company that develops, designs, builds, operates, and owns renewable energy infrastructure converting organic waste into biogas and biomethane. Operating across Italy and Northern Europe, Andion delivers engineered solutions that reduce greenhouse gas emissions by replacing fossil energy and preventing the release of methane from waste, one of the most potent climate pollutants. By embedding ESG principles across the full asset lifecycle, Andion ensures measurable carbon performance, responsible operations, and long-term value creation in support of Europe’s decarbonisation and circular-economy objectives.
For further information
Staffan Eriksson
Head of M&A and Corporate Finance, Andion CH4 Renewables
+41 79 905 93 03
seriksson@andionch4.com