EIB approves Ren-Gas 230 MEUR financing framework to back its renewable e-methane projects in Finland

The European Investment Bank (EIB) approves 230 MEUR framework loan agreement for Nordic Ren-Gas’s (Ren-Gas) advanced renewable e-methane project portfolio. EIB is working together with leading European renewable financing banks to support the growth of Ren-Gas’s well designed green hydrogen and e-methane project portfolio in Finland. The Ren-Gas project portfolio optimizes the benefit of sector integration in the emerging green hydrogen industry which is paving the way for reducing carbon emissions and enhancing energy security in Europe.

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Gasum plans to purchase up to 800 GWh e-methane per year from Nordic Ren-Gas’s next two Power-to-Gas plants

Gasum and Nordic-Ren Gas continue their co-operation to develop the e-methane market by negotiating a gas offtake agreement on the next two Power-to-Gas plants Nordic Ren-Gas is developing. These two plants will be connected to the existing gas grid infrastructure. The e-methane is made with renewable electricity and biogenic carbon dioxide and can substantially reduce emissions in transport and industry.

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Ren-Gas’s e-methane project in Tampere receives final environmental permit

The environmental permit granted by the Western and Inner Finland Regional State Administrative Agency (AVI) for Nordic Ren-Gas's (Ren-Gas) Tampere e-methane project has gained legal force. The issued environmental permit marks a significant milestone for the Tampere e-methane project, with construction scheduled to commence in Tampere during the year 2024.

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