SWEN Capital Partners has completed a final closing of its SWEN Impact Fund for Transition (SWIFT), with €175 million ($205 million) in capital, exceeding its target of €120 million ($141 million).
SWIFT is the firm’s first impact fund and invests directly in methanation, renewable hydrogen, and gas and LNG refueling infrastructure for the shipping and overland transportation sector. SWIFT is Europe’s first infrastructure fund dedicated to renewable gases.
The fund has already made five direct investments in France and Belgium, primarily in methanation units but also in gas distribution units. The investments in methanation units are being developed as part of a co-investment program with farmers to produce the renewable energy needed in farming areas. They will recycle agricultural waste by transforming it into renewable gas and fertilizer.
“We strongly believe that it is crucial to develop renewable gas (biomethane and green hydrogen) capabilities in
