Waga Energy secures €128 million green loan to expand European growth
Waga Energy locked in a €128 million, 10-year green loan to refinance about twenty WAGABOX units and fund projects in France, Spain and Italy.
Waga Energy on July 23 secured a €128 million, 10-year green loan to refinance about twenty WAGABOX units and fund European growth.
The structured financing will also back projects under construction in France, Spain and Italy, while giving the landfill-gas-to-RNG specialist a longer-dated capital base for future development across Europe. Waga Energy’s WAGABOX technology captures landfill gas, upgrades it to renewable natural gas, also called biomethane, and injects it into the gas grid.
The new loan extends a financing buildout that began on July 8, 2024, when Waga Energy signed its first €100 million corporate syndicated green loan with five banking groups. On April 11, 2025, that facility had been increased to €124 million, and a December 19, 2024, €12 million, 13.5-year bank loan with BNP Paribas and the Crédit Agricole Group refinanced four operating WAGABOX units at Montois-La-Montagne, Éteignières, Cusset and Granges.
Waga Energy, created in January 2015 by Guénaël Prince, Nicolas Paget and Mathieu Lefebvre, mixes corporate debt with project-level loans around operating assets. Its 2024 half-year report cited the start-up of a WAGABOX unit in New York State and new contracts in North Carolina and Texas. The July 2024 syndicated loan was to accelerate international development, notably in the United States.
The latest 10-year facility gives Waga Energy a longer tenor than the three-year loan, extendible to five years, that it signed in July 2024.
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