Starwood Energy partners with BerQ RNG to develop and acquire RNG projects
Starwood Energy Group Global, LLC (Starwood Energy), a US-based private equity firm, has announced that it has entered into an investment partnership with BerQ RNG Inc. (BerQ), a Canadian developer of renewable natural gas (RNG) projects in North America. Majority-owned by Starwood Energy, the new platform will develop and acquire RNG projects in all stages, ranging from early development to operating projects, and will operate under the name "BerQ RNG".
Based in Oakville, Ontario (ON), BerQ employs an experienced team of developers with a diverse background across substrates, geographies, and technologies. The company’s current pipeline of RNG projects spans landfill gas (LFG), animal waste, and wastewater treatment.
We are excited to partner with a thoughtful investor like Starwood Energy. This investment provides a great opportunity to build a premium RNG platform organization and execute more projects with farmers, landfill owners, and the industry overall. We are looking forward to working with other developers in the sector and helping to fund and accelerate their projects. We hope that the combination of being a good partner and providing reliable capital and in-depth expertise will result in a number of successful partnerships, said Bas van Berkel, Founder, and CEO of BerQ.
As a part of the transaction, BerQ will contribute its projects, team, and development expertise, and Starwood Energy will contribute its existing farm-based RNG investments and fund the platform.
The BerQ leadership has spent their careers in the biogas and recycling space where they have achieved a successful track record and positioned BerQ to become a leader across multiple sub-sectors comprising RNG. This investment further enhances Starwood Energy’s capabilities in, and commitment to, the renewable fuels sector more broadly, said Alex Daberko, a Managing Director at Starwood Energy.
Based in Greenwich, Connecticut (CT) Starwood Energy specializes in energy infrastructure investments via its existing general opportunity funds and affiliated investment vehicles.
Starwood Energy has been at the forefront of making investments in the energy transition space driven by our ESG objectives and the goals of our investors. We believe that the renewable fuels space offers tremendous opportunity, and we are continuing to seek partnerships with developers and owners. We welcome BerQ to the Starwood family of companies, said Himanshu Saxena, CEO of Starwood Energy.