Ontario Teachers’ Pension Plan Board (“Ontario Teachers’”) is pleased to announce it has entered into a strategic partnership with Sevana Bioenergy LLC (“Sevana”) that will see it acquire a majority stake in the business and make a capital commitment of $250 million to develop renewable natural gas (“RNG”) projects across North America.
Sevana is a pioneer in the RNG industry, developing and upgrading large-scale biogas projects to increase the production and use of RNG through the reduction of organic waste. Sevana has successfully executed dairy and organics projects which include more than 20 state-of-the-art digester tanks across agricultural regions such as Oregon, Idaho and South Dakota since its founding by CEO John McKinney in 2017. Sevana led these innovative projects to deploy more than $350 million under construction and worked closely with farmers to form long-term beneficial partnerships as part of its strategy to own and operate reliable digester facilities. Sevana’s team of in-house experts has over 150 years of combined experience designing, operating, and maximizing performance of anaerobic digesters with projects worldwide.
Read the full article here: https://sevanabioenergy.com/ontario-teachers-pension-plan-announces-partnership-and-capital-commitment-with-sevana-bioenergy/