PATRIZIA, an investment manager in global real assets, has secured approximately €175 million ($204 million) in new senior and junior debt financing for the Norwegian waste-to-energy platform, SAREN Energy AS, managed by PATRIZIA, supported by Nordic and international lenders.
SAREN is the second-largest waste-to-energy operator in Norway, delivering approximately 500 gigawatt hours of energy annually and treating around 250,000 tons of residual waste. The platform plays a critical role in diverting waste from landfill while supplying reliable, low-carbon energy to municipalities, industrial customers and local communities.
The refinancing replaces prior debt arrangements and establishes a flexible, long-term capital structure aligned with SAREN’s continued organic and inorganic growth strategy. It follows the recent completion of a €60 million ($70 million) capex expansion in Tromsø, increasing SAREN’s installed waste-to-energy capacity by 16 percent and stre
