HomeRenewable energy ›CEF Group Secures EUR 38 Million Funding from German Export Finance Bank for CBG Plants

CEF Group Secures EUR 38 Million Funding from German Export Finance Bank for CBG Plants

German Export Finance Bank has committed EUR 38 million in equity and debt funding to India’s CEF Group to support two new compressed biogas plants, advancing the company’s 22-plant clean energy expansion under the SATAT scheme.

August 04, 2025. By Mrinmoy Dey

German Export Finance Bank has extended EUR 38 million in equity and debt financing to India’s CEF Group, a cleantech company specialising in converting waste into compressed biogas (CBG), to support the development of two new plants under its nationwide 22-plant expansion plan.

CEF Group, founded in 2018, operates under the Government of India’s SATAT (Sustainable Alternative Towards Affordable Transportation) scheme, which promotes CBG as a cleaner, renewable alternative to fossil fuels.

The company transforms agricultural, agro-industrial, and municipal waste into clean fuel, advancing the circular economy while supporting rural livelihoods.

Currently, the company is executing three advanced-stage projects — two municipal solid waste-based facilities in Jammu and Ahmedabad, and a third in Western Uttar Pradesh that processes sugar industry waste (press mud).

“We’re not just building biogas plants — we’re enabling rural empowerment, enhancing energy security, and accelerating India’s circular economy vision,” said Maninder Singh, CEO and Founder of CEF Group.

This investment is a timely boost for India's renewable energy landscape as the country strives to reduce fossil fuel dependence and tackle its mounting waste management challenges.
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