The First 7 Plants of the Green Arrow Capital and Lazzari&Lucchini Partnership Are Operational

Green Arrow Capital and Lazzari&Lucchini, a leading company specialized in the production of energy from renewable and sustainable sources, have completed their first portfolio of biomethane production plants.

The construction of the assets, which are seven, is part of the partnership, started in 2020, which now aims to double the number of plants with a second portfolio of at least six assets , which will come into operation by 2025.

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At the beginning of June 2020 Green Arrow Capital allocated 75 million euros to build 6 biomethane energy production plants

The announcement was given yesterday on the occasion of the conference “Biomethane: where we have arrived and where we are going,” organized by Green Arrow Capital and Lazzari&Lucchini at Palazzo Cigola Martinoni in Cigole (Brescia).

At the beginning of June 2020 Green Arrow Capital had in fact allocated 75 million euros to build 6 biomethane energy production plants and two distributors for gas-powered vehicles in Northern Italy , in an operation that involved the purchase of the majority of a company previously controlled by Lazzari & Lucchini, which already had the first of the plants under construction.

That same company is 4Bio srl, which then continued with the construction of the plants during 2021, obtaining financing from Intesa Sanpaolo for 31.5 million (see another BeBeez article ) and from Unicredit for 51.6 million euros ( see another article by Bebeez ). Green Arrow Capital invested in the project through the Green Arrow Energy Fund (GAEF) and Green Arrow Infrastructure of the Future (GAIF) funds.

The entire portfolio of these first seven plants, each with a capacity of approximately 300 Sm3/h of gas, is now fully operational, and produces biomethane thanks only to the recovery of livestock effluents and agricultural by-products not intended for human consumption. During 2023, the last four of the seven plants were put into operation and, in December, the project financing of the entire portfolio was finalized.

The seven plants, all located in the strategic area of ​​Brescia, built and financed between 2020 and 2023, are incentivized pursuant to the “Biomethane 2018” Ministerial Decree, which represented a significant step towards the promotion of renewable energy in the energy sector Italian, establishing incentives and regulations to encourage the production and use of biomethane.

Daniele Camponeschi , co-founder and CIO of the Green Arrow Capital group, commented: “This project, alongside Lazzari&Lucchini, confirms Green Arrow Capital’s commitment as a virtuous investor in implementing key initiatives to support the decarbonisation and independence process energy of our country, and at the same time promoting the Circular Economy.”

Anna Lazzari, president of Lazzari&Lucchini, added: “It is with great pride that we announce the achievement of an important milestone for the L&L Group. With its innovative and productive capacity, our company establishes itself, thanks to seven operational plants created in partnership with Green Arrow Capital, as a leader in the sector in Italy. “

“This is the result of synergy and cooperation with all the actors involved: from our employees and collaborators, to commercial partners and institutions, through farmers and local communities. We are firmly convinced that the Italian biomethane supply chain has expressed only a small part of its potential. We, like L&L, will also continue to grow in this sector. Our next efforts and investments are intended for the development of six new production sites, also focused on biomethane through the use of agro-zootechnical biomass.”

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(Featured image by 1815691 via Pixabay)

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First published in Be Beez. A third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

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