Heygaz Closes a first-of-its-kind Corporate Financing to Consolidate its Position in Europe
Simpson Thacher advised the lenders in connection with the successful closing of Heygaz Biomethane’s first-of-its-kind platform financing, with a first tranche enabling the immediate development of more than 15 biomethane projects across Europe.
The financing provides Heygaz with the operational flexibility to support the development, construction and commissioning of a diversified portfolio of biomethane projects, as well as the expansion and conversion of its existing biogas plants to biomethane.
Heygaz is building a scaled portfolio of assets in Europe, delivering sustainable, long-term value, while contributing to decarbonisation, energy security and circular economy objectives. This transaction represents a key milestone in the execution of Heygaz’s growth strategy, paving the way towards a target of 1.5 TWh of biomethane capacity by 2030.
The Simpson Thacher team includes Paul Hibbert, Ruairi McGill and Dilraj Rai (Infrastructure Finance).