CIP and WEGA will join forces to source, develop, and construct advanced bioenergy projects in Finland – primarily focused on technologies such as biogas and gasification, according to a news release.
The collaboration brings together CIP’s expertise in financing and developing large-scale green transition infrastructure and Wega’s expertise within renewable energy and sustainable supply chains in Finland.
Once fully established, the platform will seek to develop multiple projects with individual investment sizes of EUR 50m – 200m within the foreseeable future. The projects will produce green molecules (hydrogen and/or ammonia) which can be used for the transportation sector and hard-to-abate sectors such as heavy industry, contributing to the circular economy and the green transition.
Thomas Dalsgaard, partner at CIP, says: “We see a strong potential within the advanced bioenergy sector in Finland, and already have visibility on a robust pipeline within biogas and gasification. We look forward to progressing the project and pipeline development with WEGA and contributing to Finland’s further transition to renewable energy.”
CEO of WEGA Niko Ristikankare added: ”At Wega, we all are very excited to start building a new advanced fuels platform together with CIP. We are impressed by their rock-solid expertise and forward looking strategy. We believe that cooperation with strong partner like CIP enables us to grow the Finnish advanced fuels production to the next level.”
