FIEE secures $69M for Naturmet’s first three Spanish biomethane plants
In Spain, FIEE SGR has secured a €60 million financing package to support the construction of Naturmet’s first three biomethane plants in Spain. The financing has been structured with the participation of BBVA, Santander, and Abanca, reflecting the growing appetite of the Spanish financial sector for renewable gas projects backed by strong fundamentals.
This transaction comes just a few months after FIEE SGR completed the acquisition of a majority stake in Naturmet in January 2026 through an initial capital increase of approximately €30 million subscribed by its Energy Transition Fund III (ETF III), alongside Spanish private equity manager ABE Capital. The financing now secured marks the next step in the execution of the company’s business plan and accelerates the rollout of its production platform in Spain.
The three plants, whose construction will begin during 2026 and are expected to become operational in 2027, will complement Naturmet’s existing projects, including the biomethane facility in Ólvega (Soria) and the plant currently under construction in Valtierra (Navarre). The completion of this financing provides visibility and execution certainty for a company that currently has a portfolio of 18 projects at various stages of development, with the objective of reaching annual biomethane production of 1 TWh.
Category: Fuels
