ENGIE and Mirova have signed a strategic partnership agreement in the biogas sector, inspired by a development model normally associated with wind and solar energy.
Mirova, a subsidiary of Natixis Investment Managers specializing in responsible investment, is acquiring a 50% stake in DANA GAZ, which already runs nine operating units (7 biomethane production plants with an installed capacity of 15.5 MWg and 2 cogeneration plants with an installed capacity of 2 MW), developed and constructed by ENGIE.
Through its subsidiary ENGIE BioZ, this partnership enables ENGIE to accelerate the development of its biomethane projects by increasing its investment capacity in this activity. It builds on a longstanding relationship between Mirova and ENGIE, developed over several years, notably through several wind, solar and hydroelectric projects in Europe.
In the exceptional context of a health crisis that is calling for a reexamination of supply channels, ENGIE and MIROVA are reaffirming their commitment to the biomethane sector, which will contribute to the revival of a circular economy through waste recovery, job creation and support for agriculture, a key sector for food and energy supply security.
ENGIE will continue its front-line industrial involvement at these facilities by continuing to operate them. It is thus further developing its project portfolio1 with the aim of producing 5 TWh of biomethane of guaranteed French origin by 2030.
1 On January 1, 2020, VOL-V Biomasse and ENGIE Biogas merged and became ENGIE BioZ, the ENGIE Group subsidiary responsible for the developing, constructing and operating biomethane projects in France. ENGIE BioZ initiates, develops, finances, builds and operates biomethane injection units in the French gas network, with a long-term commitment to the French regions.