IRBISIO | Cleantech Infrastructure Fund’s Post

Under a Biomethane Purchase Agreement #BPA, Waga Energy has been selling RNG generated from Veolia's Val Pôle in Claye-Souilly to ENGIE since May 1st, without any government subsidies ✅ A major step forward for the RNG industry, this 13-year deal is the longest BPA ever inked in France 🇫🇷 #RenewableEnergy #CleanEnergy #CleanTech #EcoInitiatives #SustainableEnergy #Biogas #EnergyInnovation #CarbonFootprint #EnergyTransition #ClimateAction #FutureEnergy #EnergyIndependence #EcoFriendlyProduction #CleanTech #EnergyCollaboration #Irbisio #SergeyBuchin

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Founder of Irbisio Cleantech Infrastructure Fund, Private investor into renewable energy projects

News to share from France 🇫🇷 in the Renewable Natural Gas #RNGindustry. Veolia, Waga Energy, and #ENGIE have formed a powerful partnership to push the boundaries of sustainable energy production. Since May 1st, Waga Energy has been selling RNG produced at Veolia’s Val Pôle in Claye-Souilly to ENGIE under a #Biomethane Purchase Agreement (BPA), without government subsidies 👏🏼 This 13-year contract is the longest BPA ever signed in France, marking a significant milestone in the RNG market. Veolia supplies biogas from the Claye-Souilly landfill, one of France’s largest RNG production units with an annual capacity of 120 GWh, equivalent to the energy consumption of around 20,000 households. Waga Energy converts this biogas into high-value RNG using its cutting-edge technology. The RNG is marketed by ENGIE at a higher value than the subsidized price, highlighting the growing economic viability of renewable energy sources. This agreement also enabled Waga Energy to secure long-term financing from CIC and Arkéa Banque Entreprises et Institutionnels for the RNG production unit. Miya PAOLUCCI of ENGIE stated, “The signing of this new BPA contributes to ENGIE’s goal to supply 30 TWh of RNG per year to our customers by 2030.” This collaboration not only supports ENGIE’s ambitious goals but also accelerates the transition towards a sustainable energy future. Estelle Brachlianoff, CEO of Veolia, emphasized, “Veolia is a key player in the production of bioenergy, already producing 1.6 terawatt-hours of biogas from waste anaerobic digestion in France alone.” This partnership is a testament to the power of collaboration in driving innovation and sustainability in the energy sector. As the world shifts towards greener energy solutions, such initiatives are crucial for reducing our carbon footprint and fostering economic growth 🔝 #RenewableEnergy #RNG #Sustainability #CleanEnergy #GreenInnovation #Veolia #WagaEnergy #ENGIE #Bioenergy #ClimateAction #Irbisio #Cleantech

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