Groupe BPCE has subscribed to the inaugural Green Loan of Waga Energy, the world leader in renewable natural gas (RNG) production at landfills.

This €100 million syndicated Green Loan is the first issued by the Isere-based company, labeled as such in accordance with European green taxonomy as it will be used to finance projects that make a substantial contribution to mitigating climate change. 

Groupe BPCE is supporting the transaction with joint financing from Natixis Corporate & Investment Banking (Natixis CIB), Banque Populaire Auvergne Rhône Alpes and Caisse d’Epargne Rhône Alpes. Natixis CIB also acted as Documentation Agent and Credit Agent. The group stood out for the quality of its execution within a particularly tight schedule. 

The transaction is fully aligned with Groupe BPCE’s Vision 2030 strategic plan: financing the energy transition and supporting the growth of mid-sized companies.

Listed on Euronext Paris, Waga Energy produces renewable natural gas (RNG) at a competitive cost by recovering gas from waste storage sites. The RNG is injected directly into the gas distribution networks that supply individuals and businesses, providing a substitute for fossil natural gas. The company operates 27 RNG production units in France, Spain, Canada and the USA. This financing will allow Waga Energy to accelerate its international development, notably in the United States. 

Credit photo: Waga Energy

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