Edison has signed a long-term biomethane purchase agreement (BPA) with Kanadevia Inova, for the off-taking of biomethane produced from agricultural biomasses.
The agreement has a term of 15 years.
By the first half of 2025, Kanadevia Inova will complete construction of a biomethane plant, powered by agricultural byproducts in the province of Cuneo, Italy.
The annual volume is expected to be about 3 million cubic meters.
With this transaction, and by generating energy from renewable resources, Kanadevia Inova enters the Italian biomethane sector while Edison further diversifies its portfolio with increasing shares of green gas, offering the possibility to accompany its customers on their decarbonisation path.
"Thanks to this agreement, Edison strengthens its position in the Italian and European green gas market, offering customers, particularly energy-intensive ones, a competitive solution that can reduce their exposure to the purchase of ETS securities," said Fabio Dubini, EVP gas & power portfolio management & optimisation at Edison.
"At the same time, it confirms its commitment to accompany its customers on the path to decarbonisation through increasing shares of green gas, such as precisely biomethane and bioLNG."
Keith Carr, executive vice president asset management at Kanadevia Inova added: "This collaboration with industry frontrunner Edison is the final piece in bringing our vision of a true resource circularity, decarbonisation and sustainable energy supply to life.
"With the launch of our first wet anaerobic digestion plant under the DFBOO (design, finance, build, own, operate) model in Italy, we are able to close the cycle – transforming agricultural waste into valuable biomethane to support regional decarbonisation and supply secure and sustainable energy. This proud milestone embodies Kanadevia Inova’s mission, 'For a Future Free of Wasted Waste,' and sets a bright new standard for potential projects ahead."
Edison signs 15-year biomethane purchase agreement with Kanadevia Inova
