HitecVision to acquire a 50% stake in Polska Grupa Biogazowa from TotalEnergies for €95m.

HitecVision, a Norwegian investment company specializing in energy, agreed to acquire a 50% stake in Polska Grupa Biogazowa, a biogas producer in Poland, from TotalEnergies, a global integrated energy company, for €95m. "Biogas and biomethane is a core focus for HitecVision’s New Energy Program, and Poland represents a unique market opportunity to pursue profitable growth while contributing to the decarbonization of Poland and the EU. TotalEnergies has a well-established industrial footprint in Poland, and we as partners have complementary skillsets that we jointly will put to use for scaling PGB significantly over the next few years through greenfield projects as well as M&A,” Erlend Ellingsen, HitecVision CEO and Managing Partner.