CycleØ to invest $217M in Spanish biogas production
In Spain, CycleØ has announced a €200 million investment to boost biogas production in Spain. The company plans to build, own, and operate up to 30 new biogas plants in the country, with a combined production of 800 GWh per year, enough to meet the gas needs of around 123.000 households. This investment will help reduce the 75% gap between current production and renewable gas generation targets in Spain.
Spain has nine biomethane plants, far below the 9 in France, 675 in Germany, and 254 in Italy. CycleØ’s investment will help close this gap by developing new facilities in regions such as Catalonia, Aragon, and Galicia.
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