FDE Accelerates Its Growth in Norway with the Strategic Acquisition of Romerike Biogassanlegg AS, a Major Renewable Natural Gas Production Facility in Oslo
A Producing, Cash-Generative Asset: Immediate Value Creation Powered by FDE's In-House Operational Expertise
Pontpierre, France, July 3rd 2026 - La Française de l'Énergie (FDE - Euronext: FDE - ISIN: FR0013030152, a low-carbon energy producer, announces the acquisition of Romerike Biogassanlegg AS ("RBA" or the "Company"), an already operating, cash-generative facility for the treatment of household waste and the production of Renewable Natural Gas (RNG), following a competitive bidding process launched by the City of Oslo.
FDE is strengthening its presence in Norway with the acquisition of an already operational, revenue-generating RNG production facility
Thanks to its technical expertise and the quality of its operating model, which ensures stable and sustainable service, FDE was selected by the City of Oslo to take over the assets of Romerike Biogassanlegg AS.
The operational plant, with a capacity of 50,000 metric tons of feedstock and located near Oslo-Gardermoen Airport, is part of a circular economy and sustainable development initiative. The facility benefits from direct access to feedstock - particularly municipal biowaste - efficient digestate recovery systems, and proximity to major consumers of green natural gas (RNG).
Spanning 4 hectares, the site is connected to the power grid via a 4 MW line, with available headroom pre-acquisition, offering potential for optimizing operations and scaling up a multi-energy platform.
This transaction is fully in line with FDE's strategy to develop RNG production infrastructure in Norway, complementing the Group's organic projects.
Gradual value creation with a positive impact expected as early as fiscal year 2027
The transaction involves the acquisition of 100% of the Company's equity for a price of €4.5 million. This acquisition was financed with equity and finalized on June 30th, 2026.
The RBA plant currently processes 20,000 metric tons of household waste per year, producing 15 GWh of RNG, and already generates annual revenues exceeding €5 million from inception. RNG produced is also utilized in Oslo's vehicle fleet under an offtake agreement with a reputable utility company.
This acquisition strengthens FDE's position in the circular economy value chain by combining local waste treatment with large-scale production of RNG for the Norwegian market. It is also expected to be earnings-accretive to the Group's results from the first year of consolidation.
Significant growth potential in processed volumes and RNG production
FDE will immediately implement several initiatives to improve the plant's operational performance in the very short term, with the aim of increasing processed and offtake volumes and realizing cost synergies to maximize EBITDA, in anticipation of the planned ramp-up in production by 2027. These initiatives will be led on the ground by Alltec, FDE's Norwegian operating subsidiary, ensuring fast, in-house execution from day one with the existing RBA team.
In a second phase, the revamping and integration of a Cryo Pur unit for liquefaction and the production of liquid RNG and liquid CO2 will enable production to reach 75 GWh per year. This retrofit will be carried out entirely in-house, drawing on the combined technical expertise of Cryo Pur, the Group's proprietary liquefaction technology, and Alltec- a further illustration of FDE's integrated, capital-efficient approach to value creation.
In addition to this unit, which is already in production, the construction of the Halsa biogas plant-with an annual production capacity of 120 GWh-is proceeding according to schedule, with commissioning expected by the end of 2027. The Stavanger and Alver plants, of similar design and size, will complete the Group's RNG production capacity in Norway in 2028. Once these four units are operational, FDE will reach a total RNG production capacity of over 400 GWh per year, thereby significantly strengthening its industrial position in the Norwegian biomethane market.
Antoine Forcinal, FDE Chief Executive Officer, commented: "We are very proud to have been selected by the City of Oslo to acquire and operate its household waste treatment and RNG production facility. This transaction is yet another example of our ability to capitalize on external growth opportunities in our strategic markets while developing our own projects through organic growth. Norway is a key market for FDE. Establishing this long-term partnership with the City of Oslo, as part of its waste-to-energy initiative, gives us immediate access to an operational, cash-generative facility to which FDE will contribute its unique in-house expertise to optimize performance, with the goal of eventually developing a leading low carbon energy production platform on the outskirts of the Norwegian capital."
This acquisition reinforces the FDE Group's 2030 goals, which include annual revenue of more than €175 million, EBITDA exceeding €85 million, and the avoidance of more than 20 million metric tons of CO2-equivalent emissions per year.
Next announcement:
Annual revenue reported on July 21st, 2026, after the markets closed
La Française de l'Énergie is eligible to PEA et PEA-PME
| Reuters code: FDE.PA | Bloomberg code: FDE.FP | |
| Press contact contact@francaisedelenergie.fr + 33 (0)3 87 04 34 51 | Investor Relations ir@francaisedelenergie.fr + 33 (0)3 87 04 34 51 |
About La Française de l'Énergie (FDE)
FDE is an independent multi-energy producer committed to achieving Net Zero. As a specialist in short supply chains and the circular economy, FDE draws on its expertise-ranging from engineering and energy production to CO2 storage-to provide energy solutions that combine carbon footprint reduction with improved resilience of the ecosystems involved.
For more information, visit https://www.francaisedelenergie.fr/
This press release contains forward-looking statements regarding the growth prospects and strategies of FDE and its subsidiaries (the "Group"). These statements include information regarding the Group's intentions, strategies, growth prospects, and trends related to its operating results, financial condition, and cash position. Although these statements are based on data, assumptions, and estimates that the Group considers reasonable, they are subject to numerous risk factors and uncertainties; as a result, actual results may differ from those anticipated or implied by these statements due to a variety of factors, including those described in the documents filed with the Autorité des marchés financiers (AMF) and available on FDE's website (www.francaisedelenergie.fr). The forward-looking information contained in this press release reflects the Group's statements as of the date of this document. Unless required by law, the Group expressly disclaims any obligation to update these forward-looking statements in light of new information or future developments.
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