ESG Today reports that the Advanced Bioenergy Fund I is focused on European bioenergy infrastructure, more specifically on hard-to-abate sectors in the production of biofuels and biogas. At the same time, industry members are urged to look at cost-efficient solutions and at the same time, find circular solutions for the organic waste challenge.

The Green Credit Fund I aims to provide private debt financing in order to support renewable energy projects in Europe and North America, as well as selected markets in the Asia Pacific regions. The CI GCF I fund closed three investments as of October 13th and it committed around 236 million USD.

Jakob Groot, Partner and Co-Head of CIP’s Credit Platform with Partner Nicholas Blach-Petersen, said that "reaching this milestone together with a strong group of global limited partners (LPs) allows us to continue identifying new investment opportunities, and work with strong developers on executing the renewable energy build-out."

The Advanced Bioenergy Fund I is already decided to begin the construction of several industrial-scale advanced bioenergy projects located in Denmark, The Netherlands, Spain and Belgium. They will generate Renewable Natural Gas from feedstock such as food and agricultural waste.