CIP teams with Wega Group to establish Finnish advanced bioenergy platform

June 27, 2023 |

In Denmark, Copenhagen Infrastructure Partners through its CI Advanced Bioenergy Fund I (CI ABF I) announced that it has signed an agreement with Wega Group OY to establish an advanced bioenergy platform in Finland.

CIP and WEGA will join forces to source, develop, and construct advanced bioenergy projects in Finland – primarily focused on technologies such as biogas and gasification. The collaboration brings together CIP’s expertise in financing and developing large-scale green transition infrastructure and Wega’s expertise within renewable energy and sustainable supply chains in Finland.

Once fully established, the platform will seek to develop multiple projects with individual investment sizes of EUR 50m – 200m within the foreseeable future. The projects will produce green molecules (hydrogen and/or ammonia?) which can be used for the transportation sector and hard-to-abate sectors such as heavy industry, contributing to the circular economy and the green transition.

Category: Fuels

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