Macquarie Capital starts platform for RNG investments

Author: Jennifer C. Licence: Creative Commons

January 20 (Renewables Now) - Macquarie Capital has launched a platform, called Aerogy, to develop, operate and invest in renewable natural gas (RNG) infrastructure projects.

Australian investment bank Macquarie Group Ltd’s (ASX:MQG) principal investing arm announced the launch of the platform on Tuesday together with financial close of its anchor investment, an anaerobic digestion (AD) facility at dairy producer Zahn’s Farm near Gillett in the US state of Wisconsin.

Investing in projects that turn organic waste into renewable fuel contributes to emissions reduction and the transition to a low-carbon economy, Macquarie Capital noted.

“Methane remains one of the most significant contributors to climate change globally, and Aerogy is designed to address its impacts by transforming organic waste into cleaner energy solutions,” said Nicholas Gole, senior managing director at Macquarie Capital.

The platform also plans to expand into renewable diesel, sustainable aviation fuel and hydrogen. Andrew Nekus and Greg Meyer, who had previously worked for US RNG player Brightmark, wil support its development.

Aerogy’s anchor investment is expected to produce more than 200,000 MMBTu of RNG from manure per year. Aerogy has co-developed, closed financing and started construction on the facility and is looking to make it a hub for other AD projects in the region.

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Browse all articles from Plamena Tisheva

Plamena has been a UK-focused reporter for many years. As part of the Renewables Now team she is taking a keen interest in policy moves.

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