Steer is pleased to have advised Cogenest S.r.l. through a financial model review for the process of securing a project financing (classified as a green loan) for the construction of a biomethane production plant in Veneto region (North East of Italy).
Cogenest S.r.l. is a company 100% owned by Iniziative Biometano S.p.A., a joint venture between Snam group and Femogas S.p.A. active in the biomethane sector.
On April 30th 2020 Banco BPM announced the successful completion of the financing agreement; Banco BPM will provide a long-term project finance loan, a VAT financing line and a working capital facility for a total of around EUR 13.0m.
The plant has a production capacity of 499 Smc/h and is expected to produce biomethane through the processing of zootechnical wastes.
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