DIF Capital Partners has acquired an 80% stake in Dombasle Énergie, a €225m French waste-to-energy project.
DIF said it made the investment on behalf of the DIF Infrastructure VI fund, alongside Solvay (10%) and Veolia (10%).
The Dombasle Énergie project comprises the replacement of three coal-fired boilers with a new boiler room equipped.
DIF said the €225m capex project secured debt financing from Credit Agricole Leasing & Factoring’s subsidiary Unifergie and Bpifrance.
Dombasle Énergie also benefited from the support of the Grand Est region and French environmental authority ADEME, as well as other private partners.
The project is expected to become operational before the end of 2024.
Gijs Voskuyl, partner and head of DIF’s core infra investment strategies, said: “With increasing pressure on landfill capacity and concerted community efforts to reduce landfill levels, waste-to-energy represents a significant opportunity for the generation of affordable green power across the globe.”
Voskuyl said renewable energy investments are an essential part of DIF’s investment mandate, “evidencing the company’s desire to positively contribute to a more sustainable future”.
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