Galia Green Power secures PLN 376 million for biomethane projects

Galia Green Power has signed a financing agreement with a consortium of banks comprising PKO Bank Polski, Bank Gospodarstwa Krajowego and mBank.

It is one of the largest financing transactions for biogas and biomethane projects in Poland in recent years. It covers acquisitions of biogas plants and development investments, including expansion of existing installations and implementation of new biomethane projects.

„The financing secured is an important step in implementing our investment plan. Cooperation with three leading financial institutions confirms the quality of the projects we have prepared and the growing importance of biomethane for the energy transition.”
— Marcin Orłowski, CEO of Galia Green Power

The agreement was concluded for 18 years, and the first tranche will be launched in the current quarter. The financing model enables flexible inclusion of subsequent projects meeting specified technological and environmental criteria. In the future, the available financing pool may be increased by PLN 225 million, allowing further investments to be covered.

„As a development bank, we engage in ventures that support the energy transition and build the long-term resilience of the Polish economy. Consortium financing of biomethane projects allows the potential of financial institutions to be combined and the capital necessary to develop this promising market segment to be secured. The implementation of such investments also contributes to expanding know-how in financing decarbonisation projects, which, as scale and generation capacity grow, will play an increasingly important role in Poland's energy transition. We are pleased to participate in this transaction and support the development of one of the key players in the biogas and biomethane market as financing bank and facility agent.”
— Paweł Wójtowicz, Director of the Regional Project Finance Office at BGK

„At PKO Bank Polski, we are consistently increasing the scale of financing for the energy transition. Biomethane projects combine the development of renewable energy with the use of local potential and the circular economy, which is why we want to be a partner for companies investing in this promising market segment.”
— Marcin Majewski, Director of the Corporate Client Relations Division at PKO Bank Polski

„Biogas and biomethane projects have great potential, combining the development of renewable energy sources with the efficient use of local raw materials while supporting the circular economy and energy security. This approach is one of the important elements of mBank's current strategy, fitting into the stream of green sustainable economy. We are pleased that, together with the other banks in the consortium, we can support the development of this market and an investor with ambitious plans for further growth.”
— Tomasz Niewola, Director of Structured and Mezzanine Finance Department at mBank