Energy, Oil & Gas

$11m platform to finance biomethane projects in France

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De Gaulle Fleurance has advised Épopée Gestion and Enervivo on the creation of a €10 million ($11 million) platform, established alongside Urbeez, to finance biomethane injection projects in France.

The platform, funded predominantly by Épopée Gestion, aims to support approximately 10 projects over the next three to four years, expanding biomethane production and facilitating the conversion of existing energy infrastructure.

The initiative will primarily target brownfield projects involving the conversion of existing cogeneration units to biomethane injection.

Greenfield developments and projects led by companies other than Urbeez may also qualify for financing.

An initial investment is planned for a facility in La Chapelle, in the Charente region, with an annual production capacity of 25 GWh.

The facility is scheduled to begin operations in autumn 2027. The platform will primarily target agricultural installations with capacities ranging from 15 to 40 GWh annually.

The initiative comes as France’s biomethane sector explores alternative financing and commercial models.

While some projects in Urbeez’s portfolio benefit from feed-in tariffs, the platform intends to rely mainly on biogas production certificates (CPB), with biogas purchase agreements (BPA) also under consideration.

Sylvie Perrin, partner at De Gaulle Fleurance, said: “This transaction marks a new milestone in the development of the biomethane sector in France. The conversion of existing facilities for grid injection accelerates the deployment of production capacity, while the development of new business models—particularly those centered on biogas production certificates—opens up new financing opportunities. We are pleased to have supported Épopée Gestion and Enervivo in structuring this platform, which combines industrial expertise and investment capacity to advance the development of biomethane. ”

De Gaulle Fleurance advised Épopée Gestion and Enervivo on transactional and audit matters. Its team included partners Sylvie Perrin and Lionel Attal, alongside senior managers and attorneys specialising in transactions and audits.

Urbeez was advised by Lexcase, represented by Pénélope Bouchard and Camille Bigan.

The platform aims to accelerate biomethane deployment by combining investment capacity with industrial expertise and alternative revenue models. -OGN/TradeArabia News Service