Waga Energy obtains a loan from Bpifrance to finance its first Spanish project
Retrieved on:
Tuesday, August 29, 2023
Waga Energy has obtained a long-term non-recourse bank loan for an amount of €6.6 million from Bpifrance to finance its Renewable Natural Gas production unit which was commissioned on June 20, 2023 near Barcelona (Spain).
Key Points:
- Waga Energy has obtained a long-term non-recourse bank loan for an amount of €6.6 million from Bpifrance to finance its Renewable Natural Gas production unit which was commissioned on June 20, 2023 near Barcelona (Spain).
- Waga Energy (EPA: WAGA), a global expert in the production of Renewable Natural Gas (RNG) from landfills, successfully concluded a long-term, non-recourse loan agreement with public bank Bpifrance to finance its first Spanish production unit which has been in service since June 20, 2023 at the PreZero landfill site at Els Hostalets de Pierola (Catalonia).
- This loan will enable the repayment of equity contributions from the Group for its commissioning.
- Waga Energy fully financed the contruction of this equipement, as well as its connection to the local gas pipeline.