Copenhagen Infrastructure Partners (CIP), through its Advanced Bioenergy Fund I (ABF I), has reached final investment decision (FID) on what will be one of Spain’s largest biogas plants, Cobirgy, located in La Sentiu de Sió, Lérida (Catalonia). The Cobirgy plant is ABF I’s fifth investment and its third outside Denmark. ABF I is thus well on track to deploy the fund’s EUR 727 million of committed capital.
With an estimated annual biomethane production of more than 230 GWh, Cobirgy is expected to have the highest biomethane output of any biogas plant in Spain to date, along with the production of approximately 150,000 tonnes of soil improver and organic fertiliser products per year. Using state-of-the-art technology, the plant will contribute significantly to reducing greenhouse gas emissions and local nitrate pollution.
The Cobirgy biogas plant has been designated a Strategic Business Project by the Government of Catalonia and is supported with a CAPEX grant from the Catalonian government, underpinning its national and regional importance.
Thomas Dalsgaard, Partner at CIP and Lead Partner for ABF, says of the new investment: “We are excited to enter the Spanish bioenergy market with Cobirgy, ABF’s first investment in Spain. It is an important step for the fund and will make a significant contribution to Spain’s energy security and decarbonisation, create local jobs and drive investments across the agricultural sector and surrounding rural communities. We look forward to progressing the project and entering the construction phase in close collaboration with local farmers, development partners and authorities.”
Once fully operational, Cobirgy will process up to 500,000 tonnes of feedstock annually, converting agricultural and industrial organic waste into biomethane, which will play a crucial role in strengthening Spain’s energy independence and green transition. More than 350 local farmers have already formally joined the project, ensuring that over 80% of the slurry will come from farms located within a 15-kilometre radius.
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About Copenhagen Infrastructure Partners
Founded in 2012, Copenhagen Infrastructure Partners P/S (CIP) is a global fund manager and leading investor in energy infrastructure. CIP builds value that matters by developing and constructing critical infrastructure projects that shape the future of energy.
Through its funds, CIP invests in power generation (solar and wind), energy storage, transmission and distribution, advanced bioenergy, low-carbon fuels and carbon capture.
With 15 funds currently under management, CIP is trusted by over 200 of the world’s largest and most sophisticated institutions, having raised EUR ~37 billion to date. CIP has projects in more than 30 countries, with presence on the ground through a network of +2,300 professionals.
For more information, visit www.cip.com.
