Portugal-based REGA Energy secures €60M to help decarbonise hard-to-abate industries

Lisbon-based REGA Energy Group, a renewable energy company that focuses on accelerating the advent of a sustainable industry with biomethane and green hydrogen, announced that it has secured €60M in a fresh round of funding.

The investment came from SWEN Capital Partners, a European infrastructure fund specialising in biomethane and green hydrogen.

Olivier Aubert, Managing Director with SWEN Capital Partners, says, “Since our first investment, REGA has been consistently delivering as per its business plan. The organisation combines a clear vision, with a strong customer buy-in, investment-grade governance, deep industrial expertise, and a people-first and pragmatic focus.”

“SWEN Capital Partners is reinvesting with full confidence in the company’s ambition and ability to deliver,” adds Aubert.

A renewable energy company

Europe aims to achieve climate neutrality by 2030 and faces the challenge of decarbonising industries like cement, glass, chemicals, and steel that can’t easily switch to electricity. 

While electricity accounts for 20 per cent of energy use, a new energy solution is needed to complement electrification and tackle these hard-to-abate sectors.

Founded in 2021, REGA Energy Group is dedicated to advancing sustainable industries by producing biomethane and green hydrogen at scale.

This focus aims to address hard-to-abate sectors where electrification isn’t feasible, contributing to the reduction of carbon emissions and fostering a more environmentally friendly energy landscape.

Capital utilisation

Thomas Carrier, REGA Energy Group CEO, says that heavy industries are facing challenges as they strive to shift towards sustainable and resilient practices. These challenges include the need to adapt to changing regulations and navigate global competition.

“REGA can help industries transform this massive challenge into a competitive advantage. This successful funding round will enable REGA to finance its first renewable projects and accelerate from there,” says Carrier.

REGA Energy Group CFO, Filipa Abreu Teixeira, adds, “In the next 24 months, we plan to invest an additional €500M in renewable energy infrastructure. We have built a sustainable value creation model, providing long-term financial certainty to our customers, investors, partners, and stakeholders.”