White Summit Capital buys majority of Portugal’s Ferbgas

May 21, 2024 |

In Portugal, White Summit Capital has agreed to buy a majority stake in Ferbgas Renewable, a leading independent biomethane producer in Portugal dedicated to developing, building and operating biomethane plants.

Ferbgas holds a project pipeline requiring around €200 million of investment, with its first two projects on track to start operating by 2026. This project pipeline is expected to generate a combined output capacity of approximately 500 GWh, accounting for roughly 15% of Portugal’s estimated biomethane production by 2030. This would equate to lowering the country’s emissions by c.100k tons of CO2-eq through a reduction of natural gas consumption.

Tags: , ,

Category: Fuels

Thank you for visting the Digest.