Galia Green Power has secured PLN 376 million in financing to support the acquisition and development of biogas and biomethane projects in Poland, marking one of the country’s largest recent financings for renewable gas infrastructure.
The financing, supported by Eiffel Investment Group, was provided by a syndicate comprising PKO Bank Polski, Bank Gospodarstwa Krajowego (BGK), acting as facility agent, and mBank. The funding will be used across Galia Green Power’s renewable gas platform, covering both existing assets and new project development.
The financing will support the acquisition of biogas and biomethane plants, expansion of existing facilities and construction of new installations. The transaction therefore combines asset acquisition with the development of additional renewable gas capacity under a single financing structure.
Financing supports Galia Green Power’s Polish renewable gas platform
According to Norton Rose Fulbright, which advised Galia Green Power on the transaction, the financing is the third transaction of its kind in Poland. The law firm said the deal is among the largest biogas and biomethane project financings completed in the country in recent years.
The transaction also reflects the developing financing environment for Poland’s biogas and biomethane sector. As the market expands, financing structures that can support both operating assets and new project development may become increasingly relevant to renewable gas platforms.
Norton Rose Fulbright advised Galia Green Power on the facility agreement, security documentation and hedging documentation, as well as on legal due diligence.
The Warsaw-based team was led on the finance workstream by counsel Daniel Popek, with supervision from energy and project finance partner Tomasz Rogalski. Finergreen acted as exclusive financial adviser to Galia Green Power.
Eighteen-year financing provides platform for further development
Daniel Popek said the structure was notable for bringing together the acquisition of existing assets and the development of new projects within a single platform.
“The transaction is notable not only for its scale, but also for its structure, bringing together the acquisition of assets with the development of new projects within a single platform.”
Popek added that, as only the third financing of its kind in Poland, the transaction could contribute to the development of legal and financing frameworks for future biogas and biomethane projects.
Eiffel Investment Group said the transaction forms part of its longer-term commitment to Poland and Central and Eastern Europe. The investment group said it aims to combine long-term capital with local expertise to support energy-transition infrastructure.
Pierre-Antoine Machelon, Managing Director at Eiffel Investment Group, said the financing follows Galia Green Power’s acquisition of projects and development of an internal pipeline over the previous two years.
Machelon said the company had secured an eighteen-year financing from three Polish banks, describing this as a milestone for the platform’s next phase of growth.
Poland’s biogas and biomethane market develops financing structures
The transaction comes as Poland’s renewable gas market continues to develop around biogas and biomethane production. Financing remains an important component of this development because projects can involve both the acquisition of existing facilities and substantial capital requirements for new installations.
The Galia Green Power transaction is notable in this context because the financing is structured around a broader project platform rather than a single development. It covers acquisitions, expansion of existing facilities and the construction of new plants.
The participation of PKO Bank Polski, BGK and mBank also brings three Polish banking institutions into the financing syndicate. BGK acted as facility agent for the lenders.
The source material does not specify the individual allocation of the PLN 376 million between acquisitions, existing-plant expansion and new project construction, nor does it provide the number or total capacity of facilities covered by the financing.
Bioenergy Business Analysis
The Galia Green Power financing highlights an important stage in the development of Poland’s biogas and biomethane market: the emergence of financing structures capable of supporting multiple assets and development activities within one renewable gas platform.
The eighteen-year financing term also provides a long-duration capital structure for Galia Green Power’s expansion plans, while the involvement of three Polish banks demonstrates lender participation in the sector. The transaction’s longer-term significance will depend on how effectively the platform converts its acquisition and development pipeline into operating biogas and biomethane assets.
For the wider industry, the deal provides an example of how renewable gas platforms can combine asset acquisition with new project development. Its description as only the third financing of its kind in Poland also indicates that dedicated financing structures for the sector remain relatively limited and continue to evolve.
The next milestones will be the deployment of the financing across Galia Green Power’s acquisition programme, expansion of existing facilities and development of new biogas and biomethane installations.
