Verdalia Bioenergy

What Verdalia Bioenergy does

Verdalia Bioenergy is a European biomethane platform founded in February 2023 by Fernando Bergasa and Cristina Ávila in partnership with Goldman Sachs Asset Management, with the stated objective of deploying €1 billion to develop, acquire, and operate biomethane plants across Europe. The company's core technology is the anaerobic digestion of agricultural and livestock organic waste — a process that produces three commercial outputs: biomethane (a renewable gas interchangeable with natural gas and injectable into existing gas grids), biofertilizers (nutritionally designed to comply with EU Regulation 2019/1009), and bioCO2 (renewable carbon dioxide for agricultural reintroduction). Plants are designed as AI-integrated smart facilities using data management and machine learning for process optimization, safety, and traceability. The portfolio comprises 7 operating plants in Italy (190 GWh/year), 6 plants under construction for 2026 grid injection, 5 greenfield projects in Northern Italy (170 GWh planned), a 90 GWh project under construction in Toledo, Spain, and 25+ additional Spanish projects in development, aggregating to ~3 TWh/year of capacity — equivalent to nearly one million households' annual gas consumption.

The business model is enterprise B2B, built on three revenue streams (biomethane, biofertilizer, bioCO2) sold via long-term offtake agreements and direct contracts. Biomethane is sold primarily under 10-year offtake contracts to European energy companies and gas traders; biofertilizers and bioCO2 are sold directly to farmers, livestock breeders, and agricultural businesses. The company targets four customer segments: farmers and livestock breeders (organic waste suppliers and biofertilizer buyers), energy companies and gas traders (biomethane off-takers), public administrations (regulatory alignment partners), and large energy consumers. Verdalia operates its own logistics fleet for raw material collection and runs a multi-country footprint with headquarters in London, regional hubs in Madrid and Milan, and a secondary Italian office in Verona, backed by a complex Italian subsidiary structure managing individual plants.

The company is led by Co-founder/Chairman/CEO Fernando Bergasa and Co-founder/CEO Cristina Ávila, with CFO Antonio España and board representation from Goldman Sachs Alternatives' Matteo Botto Poala. The most significant capital event is the October 2025 closing of a €671 million corporate financing — the largest of its kind in the European biomethane sector — arranged with a seven-bank consortium (ING, Société Générale, UniCredit, BBVA, SMBC, Santander, Sabadell) and institutional investors La Caisse and Rivage, advised by Rothschild & Co and Ashurst.

Name

Verdalia Bioenergy

Legal name

VERDALIA BIOENERGY LIMITED

Website

https://verdaliabio.com

Company type

Private

Founded year

2023

Operating status

Operating

Headcount range

101–250 employees

Short description

Verdalia Bioenergy is a Goldman Sachs–backed European biomethane platform that develops, acquires, and operates anaerobic digestion plants in Italy and Spain, producing biomethane, biofertilizers, and bioCO2 from agricultural and livestock waste for sale under long-term B2B offtake agreements.

Ownership category

akta.pro rank

Product category

Biomethane Production

NAICS

Biomass Electric Power Generation (221117), Fertilizer and Compost Manufacturing (32531), Nitrogenous Fertilizer Manufacturing (325311)

SIC

Crude Petroleum & Natural Gas (1311), Cogeneration Services & Small Power Producers (4991), Agricultural Chemicals (2870)

akta.pro primary industry

Biogas/RNG Plant Development, EPC & Project Delivery (EUAAAEAH)

akta.pro secondary industries

Anaerobic Digestion Biogas Power (Agricultural & Industrial AD) (EUACAIAD), Digestate Processing, Nutrient Recovery & Fertilizer Products (Struvite, Ammonia, Compost) (EUAAAEAL), Biofuels & Renewable Fuels Switching (Biomethane/RNG, Bio-oils, Sustainable Biomass) (EUABAJAD), Organic & Bio-based Fertilizers (Manure/Compost/Biochar) (IMAEAEAF)

Keywords

• Biomethane production
• Anaerobic digestion
• Biofertilizer manufacturing
• Renewable natural gas
• Circular economy solutions

Headquarters

HQ city

Madrid

HQ country

Spain

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Infrastructure, Personnel, Technology or R&D

Revenue model

1. Biomethane sales: Verdalia produces biomethane through anaerobic digestion of organic waste and sells it under long-term offtake agreements (e.g., 10-year contracts with European energy companies). Biomethane is fully interchangeable with natural gas and can be used across transportation, industry, electricity generation, and household consumption sectors.
2. Biofertilizer sales: The anaerobic digestion process produces biofertilizers as a byproduct, which are nutritionally designed, optimize resources, reduce water pollution, and reduce odor nuisance when spread in fields. Biofertilizers respond to EU regulation 2019/1009 which limits chemical fertilizers.
3. BioCO2 sales: During anaerobic digestion, renewable CO2 with a neutral greenhouse effect is emitted and can be reintroduced into the agriculture and livestock sector, establishing a real circular economy.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

Verdalia Bioenergy produces biomethane through oxygen-free anaerobic digestion of biodegradable organic raw materials (agricultural waste, livestock manure, and agricultural by-products). The process yields three sellable outputs: biomethane (renewable gas interchangeable with natural gas), biofertilizers (compliant with EU Regulation 2019/1009), and bioCO2 (renewable CO2 reintroduced into agriculture and livestock sectors). The company operates a portfolio of plants across Italy and Spain with aggregate production capacity exceeding 3 TWh per year.

Product overview

Verdalia Bioenergy is a biomethane production company operating a circular economy model. Its core product is biomethane, produced through anaerobic digestion of agricultural and livestock organic waste. The portfolio includes two co-products derived from the same process: biofertilizer (compliant with EU Regulation 2019/1009) and bioCO2 (renewable carbon dioxide). The company operates across Spain and Italy with a portfolio of operational, under-construction, and development-stage plants totaling over 3 TWh/year in aggregate production capacity, backed by Goldman Sachs with a €1 billion investment commitment.

Differentiator

Problem solved

Functional benefit

Products and services

• Biomethane Renewable gas produced through oxygen-free anaerobic digestion of biodegradable organic raw materials including agricultural waste, livestock manure, and agricultural by-products not intended for human consumption. Biomethane has the same characteristics as natural gas and is fully interchangeable, applicable across transportation, industry, electricity generation, and household consumption. Sold under long-term offtake agreements (e.g., 10-year contracts) to European energy companies and gas traders.
• Biofertilizer Nutritionally designed fertilizer produced as a co-product of the anaerobic digestion process. Compliant with EU Regulation 2019/1009, which limits chemical/mineral fertilizers and introduces biostimulant concepts. Sold to farmers and agricultural operations. Advantages include resource optimization (circular economy), reduction of water pollution, and reduction of odor nuisance when spread in fields.
• Bio CO2 Renewable CO2 with a neutral greenhouse effect emitted during the anaerobic digestion process. Reintroduced into the agriculture and livestock sector, establishing a true circular economy. Sold to agricultural sector customers.

Quantifiable outcome

• 65,000 tonnes of GHG emissions avoided annually by the 7 Brescia plants
• +4 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability1 record

Feature1 record

Partnerships

15 partnerships are on record, tiered major, minor and core.

• Rothschild & ComajorOthers · 7 October 2025Rothschild & Co acted as exclusive financial adviser to Verdalia for the €671 million corporate financing transaction.
• Ashurst LLPmajorOthers · 7 October 2025Ashurst LLP served as legal counsel to Verdalia Bioenergy for the €671 million corporate financing. Verdalia's lenders were advised by Latham & Watkins LLP.
• AFRYminorOthers · 7 October 2025AFRY provided technical due diligence for Verdalia's €671 million corporate financing.
• Boston Consulting Group (BCG)minorOthers · 7 October 2025BCG provided commercial due diligence for Verdalia's €671 million corporate financing.
• AonminorOthers · 7 October 2025Aon provided insurance due diligence for Verdalia's €671 million corporate financing, and also W&I (Warranty & Indemnity) insurance advisory for the Northern Italy greenfield acquisition.
• Palmer Agency ServicesminorOthers · 7 October 2025Palmer Agency Services acted as Agent for the lenders in Verdalia's €671 million corporate financing.
• EnerfreemajorStrategic or Co-development Partner · 15 July 2025Verdalia acquired a permitted 90 GWh/year biomethane project in Toledo, Spain from Enerfree, a biomethane project developer led by Joaquín Mendiluce. Construction began Q3 2025 with grid injection expected Q4 2026.
• Green Arrow CapitalcoreStrategic or Co-development Partner · 5 December 2024Verdalia acquired 5 additional greenfield biomethane plants (170 GWh) in Northern Italy (Lombardy and Veneto regions) from Green Arrow Capital and Lazzari & Lucchini. Four of the five plants benefit from the Italian state incentive plan for biomethane production.
• Green Arrow CapitalcoreStrategic or Co-development Partner · 1 August 2024Verdalia acquired 4 greenfield biomethane projects in Italy from Green Arrow Capital, in addition to the 7 operating plants acquired in May 2024.
• Green Arrow CapitalcoreStrategic or Co-development Partner · 21 May 2024Verdalia acquired 7 biomethane plants (190 GWh combined capacity) in Italy from Green Arrow Capital (Italian alternative investment manager) and Lazzari & Lucchini. This accelerated Verdalia's development in Europe and positioned it as one of the largest operators of agricultural biomethane plants in Italy.
• Lazzari & LucchinicoreStrategic or Co-development Partner · 21 May 2024Co-seller of the 7 biomethane plants portfolio in Italy to Verdalia, alongside Green Arrow Capital. Lazzari & Lucchini is an energy sector promoter.
• Intesa SanpaolominorOthers · 1 May 2024Intesa Sanpaolo acted as M&A advisor to Verdalia for the acquisition of 7 biomethane plants from Green Arrow Capital and Lazzari & Lucchini.
• EYminorOthers · 1 May 2024EY provided financial and tax due diligence for Verdalia's acquisition of 7 biomethane plants. Also provided financial and tax due diligence for the €671 million financing.
• RambollminorOthers · 1 May 2024Ramboll provided technical and commercial due diligence for Verdalia's acquisition of 7 biomethane plants in Italy.
• ERMminorOthers · 1 May 2024ERM provided ESG due diligence for Verdalia's acquisition of 7 biomethane plants in Italy. Also provided ESG due diligence for the €671 million financing.

Scale indicators16 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• ENGIE: Global utility with an established biomethane program in Europe (e.g., ENGIE Bioz, unit in France). Overlaps with Verdalia in renewable-gas production and offtake, but as part of a much broader power, gas, and services portfolio.

Regional players

• Iren: Italian multi-utility with growing biomethane and circular-economy operations, active in the same Italian regions where Verdalia has its operating plants. Comparable in geography and product mix, though biomethane is a subset of a broader utility portfolio.

Direct peers

• Nature Energy: Denmark-based, formerly independent and now owned by Shell, Nature Energy is one of Europe's largest pure-play biomethane producers, operating a portfolio of AD plants fed by agricultural and industrial organic waste — directly comparable to Verdalia's model.
• Verbio: German manufacturer of biomethane, biodiesel, and bioethanol from agricultural raw materials, with vertically integrated AD plants across Europe. Closely comparable to Verdalia in feedstock, products (biomethane, biofertilizer digestate), and European footprint.
• Econergy Renewable Energies: European renewable-energy developer with biomethane and solar pipelines across Italy, Spain, and the UK, directly overlapping Verdalia's core geographies and product mix.
• Gasum: Nordic energy company producing and distributing biomethane from agricultural and biowaste feedstocks, with a long-term offtake model to industrial and transport customers — closely aligned with Verdalia's biomethane offtake strategy.
• Weltec Biopower: German AD/biogas plant developer and operator with multiple European projects producing biomethane and digestate-based fertilizers. Comparable technology, product mix, and customer base to Verdalia.
• Future Biogas: UK-based operator of multiple AD plants producing biomethane for grid injection, with similar feedstock profile and European customer base as Verdalia.
• Waga Energy: French company specializing in landfill-gas-to-biomethane upgrading and RNG injection into gas grids. Comparable to Verdalia in producing pipeline-quality renewable gas from organic waste, though focused on landfill gas rather than agricultural AD.
• ST1: Finnish energy group producing biomethane from agricultural and biowaste feedstocks, including offtake to road transport. Its AD-based, multi-country European expansion model parallels Verdalia's.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries22 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Verdalia Bioenergy