The European Investment Fund ( EIF ), part of the EIB Group, has committed €200 million ( US$232.82 million ) to Copenhagen Infrastructure Partners’ ( CIP ) Advanced Bioenergy Fund II ( ABF II ), which focuses on scaling biomethane and advanced bioenergy production across Europe to support energy security and the energy transition.

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 decarbonize maritime transport and other industries. The strategy focuses on greenfield projects in Denmark, Ireland, Spain, Belgium, and Finland.

Building on the success of the first Advanced Bioenergy Fund ( ABF I ), the launch of ABF II marks the next phase in scaling biogas and biomethane infrastructure across Europe.

With a target size of €1.5 billion, ABF II is expected to make a significant contribution to Europe’s renewable energy production and 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 region.

The fund will benefit from a differentiated pipeline of new bioenergy projects ready to be developed, providing clear visibility into how and when capital will be invested and projects delivered. 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.

Founded in 2012, CIP is a global fund manager and investor in energy infrastructure. Through its funds, the firm invests in power generation ( solar and wind ), energy storage, transmission and distribution, advanced bioenergy, low-carbon fuels, and carbon capture. With 15 funds currently under management, it has raised €37 billion to date.