Goldman Sachs-Backed Verdalia Bioenergy Secures $780 Million to Expand Biomethane Projects Across Europe

Verdalia Bioenergy, the biomethane platform launched by Goldman Sachs Infrastructure Funds, has announced the successful close of a €671 million (US$780 million) corporate financing deal to accelerate the development and operation of renewable gas projects across Spain and Italy. The transaction, one of the largest of its kind in the European biomethane sector, marks a significant milestone in advancing renewable energy solutions for hard-to-abate industries. Launched in 2023 under the leadership of Co-CEOs Fernando Bergasa and Cristina Avila, Verdalia Bioenergy was created with a bold vision to become a leading biomethane operator driving Europe’s clean energy transformation. The company focuses on developing, acquiring, and managing biomethane plants that turn organic waste into renewable natural gas (RNG), a key alternative to fossil fuels. With this latest financing round, Verdalia is poised to scale its footprint across southern Europe and establish itself as a cornerstone player in the continent’s renewable gas market.

 

Driving Europe’s Energy Transition with Renewable Gas

 

Biomethane, or renewable natural gas, is emerging as a critical bridge fuel in the global energy transition. Unlike traditional natural gas, biomethane is derived from organic waste sources such as agricultural residues, industrial byproducts, and household waste. Chemically identical to fossil-based methane, it can be injected directly into existing gas infrastructure without modifications, enabling rapid decarbonization of sectors like heavy transport, manufacturing, and heating where electrification through wind or solar remains less viable. The new funding will be used to build and operate biomethane plants capable of generating more than 3 terawatt-hours (TWh) of renewable gas annually. This output is equivalent to the yearly energy consumption of nearly one million households and represents a major contribution to Europe’s efforts to achieve energy independence and carbon neutrality. In Italy, Verdalia currently operates seven biomethane plants, with six additional facilities under construction expected to begin injecting renewable gas into the national grid by early 2026. In Spain, the company has broken ground on its first plant and plans to commence construction on two more before the end of the year. Across both markets, Verdalia’s total investment will exceed €1 billion, underlining its commitment to scale clean energy production across Europe.

 

Institutional Confidence in the Biomethane Sector

 

Commenting on the financing, Matteo Botto Poala, Managing Director in Infrastructure at Goldman Sachs Alternatives and a board member of Verdalia, highlighted the strategic importance of the deal.

 

“We are proud to support Verdalia in this landmark transaction. This financing validates the ability to attract infrastructure capital into the biomethane sector and highlights the scalability and resilience of biomethane as a core pillar of Europe’s energy transition.”

 

The financing structure will support both greenfield and brownfield expansion, including the construction of new biomethane facilities and strategic acquisitions across Europe. Verdalia’s model aligns with the EU’s REPowerEU plan, which targets the production of 35 billion cubic meters of biomethane annually by 2030, positioning renewable gas as a key lever for reducing dependence on imported fossil fuels.

 

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A Turning Point for Verdalia and Renewable Gas in Europe

 

For Verdalia, this capital infusion represents more than just growth financing, it signifies validation of its long-term business strategy and the confidence of global financial institutions in the future of renewable gas.

 

“This milestone constitutes a big leap forward for Verdalia and for the biomethane industry in Europe,” said Fernando Bergasa, Co-founder, Chairman, and CEO of Verdalia Bioenergy. “It demonstrates the trust of top-tier financial institutions in our strategy and underlines the role that renewable natural gas will play in achieving decarbonisation targets and energy independence.”

 

Under Bergasa and Avila’s leadership, Verdalia has rapidly built a diversified project pipeline that combines industrial-scale operations with localized waste management benefits. The company’s plants not only generate low-carbon energy but also help reduce methane emissions, recycle agricultural waste, and enhance rural economies through sustainable development initiatives.

 

Scaling a Resilient and Circular Energy Future

 

The expansion of Verdalia’s biomethane portfolio represents a pivotal step toward a circular, low-carbon economy. By converting waste into renewable fuel, the company bridges environmental stewardship and economic opportunity reducing greenhouse gas emissions while creating jobs and supporting energy resilience across rural communities. The timing of Verdalia’s growth is particularly significant as Europe faces mounting pressure to diversify its energy mix following recent geopolitical and supply chain disruptions. Biomethane’s compatibility with existing gas infrastructure makes it a cost-effective solution for achieving near-term emissions reductions without requiring new large-scale grid investments.

 

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Verdalia’s Strategic Edge and Market Momentum

 

Verdalia’s ability to attract major institutional capital also underscores the rising appeal of biomethane as an investable asset class within the clean energy sector. Its backing from Goldman Sachs Infrastructure Funds provides both financial depth and strategic expertise, enabling Verdalia to navigate complex regulatory landscapes and scale operations efficiently across European markets. In addition, Verdalia’s regional focus on Spain and Italy, two of Europe’s largest agricultural producers offers access to abundant organic feedstock and supportive policy frameworks for renewable energy. This combination of natural resources, policy alignment, and investor backing positions Verdalia to become one of Europe’s foremost integrated biomethane producers within the decade.

 

Outlook: Biomethane as a Cornerstone of Net Zero

 

As the European Union accelerates its decarbonization agenda, biomethane is increasingly viewed as a cornerstone of the continent’s net-zero energy strategy. According to the International Energy Agency (IEA), biomethane could reduce global CO₂ emissions by up to 1 billion tonnes annually by 2040 if scaled effectively. Verdalia’s €671 million financing therefore represents not just corporate growth, but a major contribution to Europe’s collective climate goals. With its expanding asset base, robust investor backing, and clear technological edge, Verdalia is poised to play a defining role in shaping the continent’s renewable gas landscape, one plant, one community, and one terawatt-hour at a time.

 

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