Real assets manager Patrizia has secured €175m financing for its Norwegian waste-to-energy platform Saren Energy.
Patrizia said the new senior and junior debt financing for Saren is supported by Nordic and international lenders. The specific identities of the institutions and the total capital amount remain undisclosed.
The refinancing replaces prior debt arrangements and establishes a flexible, long-term capital structure aligned with Saren’s growth strategy, Patrizia said.
Matteo Andreoletti, head of infrastructure equity, Europe and North America at Patrizia, said: “This refinancing demonstrates the strength of Patrizia’s platform approach to infrastructure investing: by actively strengthening capital structures and supporting expansion, we enhance the resilience and long-term value of critical assets while maintaining strong relationships with institutional lenders.
“Waste-to-energy infrastructure sits at the heart of the circular economy and energy transition, and Saren is an important part of our broader European decarbonisation strategy.”
Magnus Bjertnes, CFO of Saren Energy, said: “This refinancing provides Saren with the financial flexibility to continue strengthening our position as a leading waste-to-energy operator in Norway.
“Following the successful expansion of our Tromsø facility, we are well positioned to enhance operational performance, support future growth and continue delivering reliable, low carbon energy to the communities and industrial customers we serve.”
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