RegEnergy

21 Januari 2025

Today, Regenergy Frovi and Selected Group announced a €89 million euro debt investment from Goldman Sachs Alternatives.

Regenergy Frövi, a subsidiary of the Selected Waste-To-Life fund, specializes in leveraging industrial waste streams to advance sustainable food production. The company has already developed and operates a groundbreaking 100,000 m² greenhouse in Frövi, Sweden. This facility utilizes waste heat from a nearby paper mill to grow tomatoes year-round, providing locally produced, sustainable alternatives for the Swedish market.

The new investment from Goldman Sachs Alternatives secures long-term financing for Regenergy Frövi and will fund the construction of a second greenhouse of similar size.

“We see tremendous potential in the innovative use of waste heat for sustainable, local food production. Regenergy Frövi represents a transformative step forward in rethinking food production in the Nordics. We are pleased to welcome Goldman Sachs as an investor advancing the Selected Waste-To-Life mission,” said Frederik Gundorph Olesen, CEO of Selected Group.

“We are pleased to invest in Regenergy Frövi, which has proven its ability to develop and operate sustainable agriculture at scale. We believe there are significant opportunities in sustainability across the capital structure, as companies like Regenergy Frövi innovate to meet climate-related challenges,” said Ken Pontarelli, head of sustainable investing at Goldman Sachs Alternatives.

About Goldman Sachs Alternatives

Goldman Sachs (NYSE: GS) is one of the leading investors in alternatives globally, with over $500 billion in assets and more than 30 years of experience. The business invests in the full spectrum of alternatives including private equity, growth equity, private credit, real estate, infrastructure, hedge funds and sustainability. Clients access these solutions through direct strategies, customized partnerships, and open-architecture programs.

The business is driven by a focus on partnership and shared success with its clients, seeking to deliver long-term investment performance drawing on its global network and deep expertise across industries and markets.

About Selected Group 

Founded in Denmark in 2016, Selected Group operates with a global outlook, engaging actively across multiple European markets. The Group specializes in managing alternative investments, with a particular emphasis on real asset classes. A core area of expertise is Green Infrastructure, demonstrated by the RegEnergy Frövi project.

Selected Group combines strong investment capabilities with efficient processes, ensuring effective screening and management of alternative investments. This approach delivers compelling business cases, benefiting both credit partners and investors.