Tages Capital SGR has completed the acquisition of a portfolio of four biogas production plants, which will be converted to biomethane production by 2026.
This is the first investment in a biomethane production portfolio by the Tages Helios Net Zero fund, which, with the recent closing, has reached €375 million, mainly from institutional investors.
Specifically, the portfolio includes four operational plants located near Pavia and Cremona, in the municipalities of Genivolta, Tromello and Dorno, with a total capacity of approximately 4 MW.
Each plant has a potential production capacity of around 300 Smc/h of biomethane, and once fully operational, the portfolio will be able to produce over 2 million Smc of biomethane annually.
The biomethane will be produced by processing livestock effluents and agricultural by-products not intended for human consumption, including pig, cattle and poultry manure, as well as triticale, wheat bran, grains, and silage provided by farms in the immediate vicinity of the plants.
Umberto Quadrino, chairman of Tages S.p.A. and CIO of Tages Capital SGR, commented: “Unlike other renewable sources such as solar and wind, whose energy production is intermittent due to natural factors, biomethane can have various applications, including electricity generation, making it a programmable renewable source.
“This means that the availability of this energy source can be controlled and adjusted as needed.
“Additionally, it is a particularly flexible resource, as the energy produced can be injected into the same grid as natural gas. Given these factors, we intend to continue with this series of investments to achieve an industrial-scale portfolio, in line with the strategy of our Tages Helios Net Zero fund”.
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