Energy transition infrastructure manager White Summit Capital has agreed to acquire a majority stake in Ferbgas Renewable, a leading independent biomethane producer in Portugal. Ferbgas is dedicated to the development, construction, and operation of biomethane plants, and this acquisition marks a significant step forward in both companies’ ambitions to enhance Portugal’s renewable energy landscape.
Ferbgas holds a project pipeline that requires an investment of approximately €200 million, with its first two projects expected to commence operations by 2026. This pipeline is projected to generate a combined output capacity of around 500 GWh, which would account for approximately 15 percent of Portugal’s estimated biomethane production by 2030. This increased production capacity is anticipated to lower the country’s emissions by approximately 100,000 tonnes of CO2-equivalent through reduced natural gas consumption.
Rafael Ferrari, CEO of Ferbgas, expressed his enthusiasm about the partnership: “We are excited to join forces with White Summit Capital in the development of cutting-edge biomethane projects in Portugal. With this partnership, we are confident in our ability to expand our portfolio of projects and drive the sustainable transformation of the Portuguese energy market. We look forward to leveraging our combined expertise to accelerate the development of innovative and impactful biomethane projects.”
This acquisition positions White Summit Capital as a key independent player in Portugal’s burgeoning biomethane industry. The firm will collaborate with Ferbgas and its experienced management team to expedite investments, mitigate risks, and foster collaboration opportunities with other portfolio companies.
Pablo Pallás, managing partner at White Summit Capital, highlighted the importance of the biomethane sector: “The biomethane sector is expected to play a crucial role in producing competitive domestic green renewable gas and to contribute to EU security of supply. Green molecules are a key pillar of our investment strategy to decarbonise those industrial processes difficult to be electrified. Portugal offers a great opportunity for sustained growth, and Ferbgas is the ideal partner given its track record of successfully identifying and originating promising projects. White Summit Capital and Ferbgas, leveraging their extensive experience, can create a strong foundation for long-term success.”
The transaction underscores the commitment of both companies to advancing sustainable energy solutions and supports Portugal’s goal of enhancing its renewable energy capacity while reducing greenhouse gas emissions.
For more information visit www.whitesummitcap.com
