Press release of June 7th, 2022

Rega Energy successfully concludes international fundraising round

Portuguese independent renewable gas producer and retailer REGA ENERGY raises 17M€ with sustainable fund SWEN Capital Partners and Elyse Energy

REGA ENERGY GROUP SA raised €17 million euro to accelerate the development of its biomethane and hydrogen industrial activity in Portugal. The successful round led by SWEN Capital Partners and its existing investor, Elyse Energy, exceeded expectations threefold.

SWEN Capital Partners, headquartered in Paris, focuses on ESG investments with 6.7 billion euros under management. It enters the Portuguese national renewable gas market through its SWIFT 2 Fund, specialized in renewable gas investments. Elyse Energy, based in Lyon, France, is a platform dedicated to accelerating green hydrogen and e-fuel projects in Europe.

“In order to mitigate climate change, and to increase Portugal’s energy independence, the sustainable transition must accelerate via more sobriety, efficiency, electrification, and renewable gases. REGA is designed to channel efforts and investments efficiently towards decarbonization, at scale and exponentially. In the unique context of COVID recovery and Europe’s repowering strategy, choosing SWEN CAPITAL PARTNERS impact fund specialized in renewable gas makes perfect sense.” says Thomas Carrier, Founder and CEO of REGA ENERGY.

“As a fund specialized in renewable gas, SWEN CAPITAL PARTNERS is very excited to help REGA ENERGY accelerate. We are strong believers in management team’s ability to execute an ambitious business plan, focused on supporting heavy industries decarbonize through the use of biomethane and green hydrogen, when electrification is not an option” says Olivier Aubert, Managing Director, SWEN CAPITAL PARTNERS.

The transaction will support REGA’s growth and the development of the company’s short-term pipeline in biomethane and hydrogen projects, totalling more than €1 billion euro. REGA’s first projects include the previously announced Nazaré Green Hydrogen Valley (NGHV) planning to replicate this approach elsewhere in Portugal to scale industry decarbonization with biomethane and green hydrogen. This first Valley concentrates more than 10% of Portugal’s Industrial CO2 emissions.

As a leading independent renewable gas producer, REGA ENERGY brings know-how and world class experience to Portugal’s renewable gas industry, generating skills and highly qualified jobs.

REGA ENERGY was advised on this transaction by Green Giraffe, a premier financial advisor for renewable energy projects and investors, and leading Portuguese legal advisors PLMJ.

About REGA ENERGY
In order to decarbonise, not all industries can electrify easily: cement, ceramics, chemicals, glass, steel, amongst others.
To reach climate neutrality with some leading on challenging 2030 milestones, Europe needs to develop a complementary energy vector to the electron, to decarbonize what cannot be electrified.
REGA ENERGY business model is to develop, finance, build, own and operate biomethane & green hydrogen plants to help heavy industries decarbonize through direct delivery or Renewable Gas Purchase Agreements.
More on REGA ENERGY.

About SWEN CAPITAL PARTNERS
SWEN Capital Partners is a key player in Responsible Investing in private markets in Europe with more than €6.9 billion of assets, both in multi-strategy and direct investments across Private Equity, Mezzanine Debt, Infrastructure and throughout a range of dedicated services and tools.
The management company, owned by OFI Group (with MACIF and Matmut as main shareholders), ARKEA and its employees, has for nearly 10 years placed ESG and Climate approach at the heart of its approach and offers its clients innovative and sustainable investment solutions.
SWEN Capital Partners supports companies, entrepreneurs, and partners in a process of impact improvement and sustainable value creation in order to move together towards a more resilient economy.
More on SWEN Capital Partners