The company has acquired an 80% majority stake in ATH Bioenergy, a leading biomethane producer in the Canary Islands.
Suma Capital bets on sustainability in the Canary Islands
Suma Capital’s vision is reflected in a planned investment of 100 million euros for the construction of four biomethane and fertilizer production plants. This plan, which will be implemented in phases starting next summer, will cover facilities in Gran Canaria, Tenerife, Fuerteventura and Lanzarote, thus promoting integrated development on all the islands of the archipelago.
ATH Bioenergy’s focus is on the efficient and sustainable management of organic waste, converting it into biogas and biomethane. This technology reduces dependence on imported fossil fuels, such as LPG, to address the problem of waste management on the islands, contributing to the reduction of landfills and promoting a circular economy.
The importance of this project is also highlighted in its ambitious nature in terms of circularity and decarbonization. circularity and decarbonization . This endorsement demonstrates confidence in the team and its in-depth knowledge of the energy and waste market in the Canary Islands.
The future of biomethane production
Also, the direction that both companies will take in the organic fertilizer market will enable innovative solutions for local farmers, especially banana growers, a key sector in the Canary Islands economy.
The investment in ATHB marks the fifth transaction of the sustainable infrastructure fund managed by Suma Capital, the SC Climate Impact Fund III. This fund, valued at €300 million, focuses on driving the energy transition and circular economy in Europe.
The transaction has been advised by renowned financial and legal firms, such as Alantra, Andersen Legal, KPMG, Arup and Baker McKenzie, as the professional backing and strength of this initiative.
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Source: Suma Capital
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