TotalEnergies (TTE) has signed a sale and purchase agreement with HitecVision, a Norwegian investment company specializing in energy, for the sale of 50% of Polska Grupa Biogazowa for an enterprise value of EUR 190M. With 20 units in operation and a production capacity of over 450 GWh of equivalent biomethane, PGB is the leader in biogas in Poland. Founded in 2007 and acquired by TotalEnergies in 2023, PGB operates biogas production units that generate electricity and heat through cogeneration. PGB currently has two plants under construction in Poland and aims to diversify into biomethane production. PGB’s goal is to reach 2 TWh of equivalent biomethane production capacity by 2030. The completion of the transaction is subject to obtaining applicable governmental and regulatory approvals.
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