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MEVA ENERGY SCALE-UP SUPPORT (IEU GT2)

Summary sheet

Release date
22 April 2025
Status
Reference
Approved | 05/08/2025
20240412
Project name
Promoter - financial intermediary
MEVA ENERGY SCALE-UP SUPPORT (IEU GT2)
MEVA ENERGY AB
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 40 million
EUR 80 million
Location
Sector(s)
  • Energy - Electricity, gas, steam and air conditioning supply
Description
Objectives

The project will finance the construction and/or optimisation including RDI costs of up to five plants for thermo-chemical conversion of biomass to produce renewable biogas in countries eligible under InvestEU.

The project aims to decarbonise energy-intensive industries, such as furniture, non-ferrous metals and paper by replacing fossil gas with renewable biogas. Furthermore, by producing biochar as by-product, the project will improve soil health, reduce atmospheric carbon, and thus achieve negative emissions.

Environmental aspects
Procurement

Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

Milestone
Approved
5 August 2025
Related projects
Parent project
THEMATIC GREEN TRANSITION (IEU VD & DEBT) LE II
Link to source
Summary sheet
MEVA ENERGY SCALE-UP SUPPORT (IEU GT2)

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

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Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
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The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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