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Anaergia and Capwatt Sign Binding Letter of Intent for Nine New Biogas Plants in Europe
Follow-up agreement builds on past cooperation between the companies Anaergia Inc. (&...
About this update from Anaergia, Inc.
[{"type":"text","content":"Anaergia and Capwatt Sign Binding Letter of Intent for Nine New Biogas Plants in Europe\n\n\n .bwalignc { text-align: center; list-style-position: inside }\n \n\n\n\n\n Follow-up agreement builds on past cooperation between the companies\n \n\n\n\n\n Anaergia Inc. (“Anaergia”, the “Company”, “us”, or “our”) (TSX:ANRG) (OTCQX:ANRGF), through its subsidiary, Anaergia S.r.l., entered into a binding Letter of Intent (“LOI”) with Capwatt Biomethane Unipessoal, Lda (“Capwatt”). Under the terms of this agreement, Anaergia is to design and build nine state-of-the-art facilities for biomethane production from agro-industry waste in Portugal, Spain, and Italy. Under the terms of this binding LOI, the projects are expected to be completed within the next 30 months and are expected to generate more than C$60 million in total revenue for Anaergia during this period.\n \n\n Anaergia will oversee the design of each facility, ensuring the implementation of advanced processes. These plants will feature a range of Anaergia’s proprietary systems, including anaerobic digesters, significantly enhancing Europe’s green energy infrastructure and accelerating biomethane production.\n \n\n “This agreement is to lead to the nine new facilities producing a total of 556,000 MWh per year of high-quality biomethane,” said Sérgio Rocha, CEO of Capwatt. “It underscores Capwatt’s commitment to leading the way in sustainable energy production and accelerating the energy transition.”\n \n\n “This new agreement strengthens our ongoing relationship with Capwatt, building on previous collaborations where Anaergia's technical expertise and equipment were utilized at two biomethane facilities in Portugal and one in Italy,” said Assaf Onn, CEO of Anaergia. “This substantial follow-up agreement showcases Capwatt’s endorsement of Anaergia’s capabilities and our proven abilities to deliver multiple projects simultaneously.”\n \n\n\n About Capwatt\n \n\n\n Capwatt, a multinational group specializing in sustainable energy solutions, has made biomethane a strategic priority in its drive to support decarbonization. With a portfolio of bioenergy projects at various stages of development, the company r...