NIB finances biogas expansion in Denmark

• NIB has signed a 13-year DKK 182 million (approximately EUR 24 million) loan with Sindal Biogas A/S.
• The investment will co-finance the expansion of the Sindal Biogas plant in Sindal in northern Denmark, doubling biomethane output from 22 to 44 million Nm³ per year and enabling the potential addition of CO₂ capture and liquefaction.
• The loan supports Denmark's transition to clean energy and is eligible under the InvestEU Clean Energy Transition Framework.

The loan will support Sindal Biogas A/S in doubling its renewable natural gas production capacity. The project also includes the potential installation of CO₂ capture technology capable of permanently storing biogenic emissions or supplying Power-to-X projects. The expanded plant will process up to 800,000 tonnes of agricultural and industrial waste annually, making it one of Denmark's largest biogas facilities.

Thomas Dalsgaard, Partner, CIP said: "We are pleased that NIB has provided financing for the expansion of Sindal Biogas. The financing enables us to double the plant's biomethane production and potentially add carbon capture and liquefaction, delivering both renewable gas and biogenic CO₂."

André Küüsvek, NIB President and CEO, said: "Sindal Biogas shows how large-scale biogas investments can support the transition to a low-carbon and circular economy. This project strengthens energy security, reduces emissions and contributes to Denmark's ambition of reaching 100% green gas in the grid, while also supporting the country's efforts to reduce reliance on imported gas."

Sindal Biogas is an industrial-scale anaerobic digestion plant owned by CIP's Advanced Bioenergy Fund I (CI ABF I), KK Invest and DBC Invest. The facility converts agricultural residues and industrial organic waste into biomethane and liquid CO₂.

About Copenhagen Infrastructure Partners
Founded in 2012, Copenhagen Infrastructure Partners P/S (CIP) is a fund manager within greenfield energy investments.

About InvestEU
The InvestEU programme provides the European Union with crucial long-term funding by leveraging substantial private and public funds. It aims to trigger more than EUR 372 billion in investment for EU policy priorities, such as the European Green Deal, the digital transition and support for small and medium-sized enterprises. NIB has been InvestEU implementing partner since December 2022.

About The Nordic Investment Bank (NIB)
NIB is the international financial institution of Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway, and Sweden. The Bank finances projects that improve productivity and benefit the environment of the Nordic-Baltic region. The Bank is headquartered in Helsinki with a regional hub in Riga. NIB has the highest possible credit rating, AAA/Aaa, with S&P Global Ratings and Moody's.

Contacts
Patrik Marckert, Head of Project & Structured finance, +358 10 618 0266, [email protected]

Oliver Mølvang Hermansen, Associate Communications Officer, +358 10 618 0225, [email protected]