Northern Biogas acquires three dairy RNG projects
SUMMARY
Acquisitions will "significantly expand" Northern Biogas RNG production.
By Dale LunanH.I.G. Capital, a global alternative investment firm, said February 6 its portfolio company, Northern Biogas, had acquired three additional dairy-related renewable natural gas (RNG) projects, “significantly expanding” its RNG production capacity.
Locations for the three projects and volumes associated with them were not identified. Northern Biogas is mainly active in Wisconsin, Minnesota and Idaho, according to its website.
H.I.G. made its initial investment in Northern Biogas in September 2022, and the three new acquisitions mark “an acceleration” of its RNG development pipeline. The three projects are in close proximity to other Northern Biogas operations, and are expected to enter commercial service by Q1 2024.
“Since partnering with H.I.G. in September 2022, we have more than doubled the number of RNG projects under construction, and rapidly expanded our RNG project development pipeline across the waste-to-renewable natural gas market,” Northern Biogas CEO Chris Akers said.
