Goldman’s Verdalia Raises €671 Million to Fund Biomethane Plants

Verdalia Bioenergy, a biomethane firm backed by Goldman Sachs Group Inc., has raised €671 million ($785 million) of debt from a large banking consortium to fund projects across Spain and Italy.

The corporate financing will help the company increase its aggregate production capacity to more than 3 terawatt hours per year, equivalent to the yearly consumption of almost 1 million households, according to a statement reviewed by Bloomberg News.

The new financing, covering biomethane plants construction as well as acquisitions, was provided by a group of banks: ING Groep NV, Societe Generale SA, UniCredit SpA, BBVA SA, Sumitomo ...