The European Investment Fund (EIF), the EU’s venture capital and risk-finance institution for small and medium-sized businesses, has committed €200 million to Copenhagen Infrastructure Partners’ Advanced Bioenergy Fund (ABF II).

Copenhagen Infrastructure Partners is one of the world’s largest fund managers dedicated to clean energy infrastructure. The fund has raised more than €37 billion and has projects in more than 30 countries worldwide. ABF II is focused on scaling biomethane and advanced bioenergy production across Europe to help advance the energy transition as well as energy security.

ABF II will invest primarily in the development, construction and operation of new industrial-scale biogas plants using anaerobic digestion technology. The projects will convert feedstock such as manure and other agricultural waste into biomethane that can help decarbonise sectors including industry and maritime transport. Biomethane is fully compatible with existing gas infrastructure and is expected to play an important role in improving Europe’s energy security and strategic autonomy.

ABF II will invest in core European markets supported by strong regulatory frameworks at both EU and national level that support stable, long-term growth. The strategy focuses mainly on greenfield projects in countries including Denmark, Ireland, Spain, Belgium, and Finland.

With a target size of €1.5 billion, ABF II is expected to make a significant contribution to Europe’s renewable energy production and support the transition away from imported fossil fuels. The fund has successfully brought together a broad mix of public and private capital, reflecting strong demand from institutional investors, and contributing to the EU policy objective of building up a more robust and integrated capital market in the EU.