In the United States (US), Fiera Infrastructure Private Debt a division of Fiera Private Debt Inc., which is a subsidiary of Fiera Capital Corporation, has announced the closing of a senior secured credit facility to Pine Creek Renewables, part of Pine Creek Group, the developer, owner, and operator of a growing portfolio of renewable natural gas (RNG) projects via its subsidiary Pine Creek RNG LLC.
The senior secured credit facility will support the construction and operation of three RNG (aka biomethane) projects, which have all secured off-take contracts.
Fiera Infrastructure Private Debt led the investment, partnering alongside Foundation Credit who also invested in the facility for their infrastructure debt strategy, Foundation Infrastructure Opportunities.
The proceeds will support the construction and operation of three RNG projects located at two landfills and one anaerobic digestor (AD), located in the western part of the country.
The Pine Creek projects will capture the landfill gas (LFG), and biogas respectively from these sites, and upgrade the methane to pipeline-quality RNG. In addition to producing gas, the projects will generate environmental attributes.
