CIP Secures 1.5 Billion DKK for New Biogas Fund

Why this is here: Denmark currently generates nearly 40 percent of its total gas supply from biogas, with a political goal to reach 100 percent by 2030.

Copenhagen Infrastructure Partners (CIP) in Denmark received 1.5 billion Danish kroner from the European Investment Fund (EIF) to launch its Advanced Bioenergy Fund II. Thomas Dalsgaard, responsible for CIP’s bioenergy investments, explained the investment while traveling to showcase the Tønder Biogas Plant—Europe’s largest—to potential investors. The new fund aims to develop and build large-scale biogas plants across Europe, targeting a total of 10 billion kroner in investment by next year.

CIP previously established ABF I, raising roughly 5 billion kroner for biogas development. The EIF’s investment is crucial, signaling support for the project and attracting further investors, particularly now as geopolitical events disrupt gas supplies from regions like the Hormuz Strait. Merete Clausen, vice managing director at EIF, notes that Europe needs to increase biogas production to become energy independent.

The fund plans to construct 10 to 12 new biogas plants in countries including Denmark, Finland, and Spain. While the fund’s precise impact remains unclear, CIP estimates it could increase European biomethane production by 5 to 8 percent. The work to scale biogas infrastructure and attract private investment continues.