📋 Tender Overview
Project ID: 56527
Status: Approved
Location: Latvia
Business Sector: Natural Resources
Notice Type: Private
Environmental Category: B
Approval Date: 25 Nov 2025
Disclosure date: 28 Nov 2025
Project Description
A senior secured loan of up to EUR 17.4 million to SIA Next Biogas, a special purpose company incorporated in Latvia for the purpose of developing and operating a biomethane production plant (the "Project"). The Project will benefit from the EBRD InvestEU Framework for Biofuels Development.
Project Objectives
The proceeds from the EBRD loan will be used to finance the capital expenditure for the acquisition of the existing Ekorima biogas plant, its expansion and upgrade to biomethane facility, construction of the CNG station, CO2 liquefaction, as well as gas grid injection infrastructure. The plant will have biomethane production capacity of 80,070 MWh/year producing bio-CNG (compressed biomethane), bioCO2, and digestate. Compressed biomethane will be transported via CNG trucks and injected into the gas grid. The Project aims to accelerate the green transition by reducing greenhouse gas emissions and promoting circular economy principles. By contributing to climate mitigation objectives 100% of the EBRD financing is classified as green finance.
