Evergaz and Meridiam have collected €51 million ($59 million) in bank loans from a pool consisting of Arkea Banque Entreprises et Institutionnels, Banque Populaire Grand Ouest, Caisse d’Epargne et de Prevoyance Loire-Centre and Edmond de Rothschild Asset Management (EDRAM).
This funding will go towards the construction of new projects and the optimization of the operational performance of their nine power stations in operation in France.
This funding will allow Evergaz to continue its strategic development in France. Since its creation in 2008, Evergaz has already invested more than €150 million ($176 million) in the biogas sector with its partners.
“Evergaz is delighted with this historic funding in the portfolio of biogas facilities. This new capacity will allow us to optimize the performance of our sites and continue our development, with the firm belief that biogas should be viewed as one of the key components of ecological transition,” said Alain