Andion CH4 Renewables SAS (“Andion CH4”) has closed its recent capital raise with current and new investors including Equitix New Generation Fund who is fully finance by an IKEA investment vehicle. The cash proceeds together with secured debt will be used to give Notice to Proceed (“NTP”) for the 70 GWh LBG greenfield plant in Eskilstuna in Sweden prior to new year 2024, a 45 GWh LGB greenfield plant called Mirandola in Italy in early January 2025, the acquisition of several brownfield plants in Italy and an accelerated project development in Sweden and Italy.

Andion CH4 has hired BNP Paribas Investment Banking division to drive and manage an additional capital raise that is being launched by the end of January and is expected to close in Q2 2025, this capital raise is intended to finance the build-up of a platform of more than 1 .5 TWh of energy production by end of 2030. The company’s focus will remain Italy and Sweden, but Spain and Norway are of interest to develop with local partners.

Andion CH4’s strategy is to develop, construct, own majority stakes in, and operate biogas plants across Europe. At the core of this strategy is Andion’s integrated technology platform, which enables the company to design, dimension, and engineer biogas plants entirely in-house. With over 50 biogas plants successfully built and more than 20 years of operational experience, Andion has established itself as a leader in the biogas sector.

Andion’s internal expertise and proprietary interface technology provide the capability to integrate all components into efficient and high-performing biogas plants without relying on third-party core technology providers. This ensures greater control over plant design and performance while supporting Andion’s operational and strategic goals. Furthermore, Andion CH4’s activities align with and contribute to at least eight of the United Nations’ 17 Sustainable Development Goals (“SDG”), reflecting its role in promoting sustainability and environmental stewardship.