Under the terms of the newly signed agreement, Prado Energia will assume responsibility for project development, leveraging its strong local market expertise and its commitment to advancing sustainable energy solutions in Portugal. VORN Bioenergy will contribute its proven technical capabilities and provide project financing throughout the development phase.
Projects co-developed under this partnership will be acquired, constructed, and operated by VORN Bioenergy, leveraging the company’s extensive operational capabilities and its long-term commitment to Europe’s energy transition.
The collaboration will commence with two biomethane projects, each with a grid injection capacity of 67 GWh, equivalent to the thermal energy demand of 20,000 households. One of the two projects has already received official designation as a Projeto de Potencial Interesse Nacional (PIN), a status expected to significantly support and streamline the permitting process.
This initial development phase represents an investment in the mid double-digit million euro range, and is projected to avoid approximately [75,000] tons of carbon dioxide emissions per year.
This partnership marks a major milestone in accelerating Portugal’s biomethane sector, combining local insight with international expertise to deliver high impact renewable energy infrastructure aligned with national and EU decarbonization goals.
Jörg Lennertz, Chief Executive Officer of VORN Bioenergy, commented, “We are pursuing an ambitious growth strategy, with a particular focus on the Iberian Peninsula. The partnership now agreed with Prado Energia in Portugal represents a significant step towards our objective of installing 2 TWh of capacity by 2030 and establishing VORN Bioenergy as Europe’s leading biomethane platform.”
António Farracho, Chief Executive Officer of Prado Energia, commented, “This partnership represents a very significant step for the production of renewable gases in Portugal and consolidates Prado Energia as a reference in the biomethane sector. This recognition is the result of consistent work and reinforces Prado Energia’s ambition to continue developing new projects aligned with decarbonization and sustainability goals”
