Fortistar LLC, in partnership with Ares Capital Corp., has acquired two landfill renewable natural gas (RNG) facilities, Greentree Landfill Gas and Imperial Landfill Gas, from EDF Renewables North America.
Located in western Pennsylvania, the two facilities have the capacity to produce 1.5 million decatherms of RNG per year – enough to power 1,117 natural gas trucks and displace 12 million gallons of diesel fuel.
Headquartered in White Plains, N.Y., Fortistar is a private investment and energy asset management firm focused on lower-carbon energy generation. The firm says the growth in the U.S.’ natural gas fueling infrastructure, spurred by companies such as TruStar Energy, an affiliate of Fortistar, has paved the way for a commercially viable RNG industry.
“The acquisition of these two landfill gas projects is another milepost in our plan to sustainably expand and decarbonize America’s transportation fuel supply,” comments Mark Comora, CEO of Fortistar and chairman of TruStar Energy, which develops compressed natural gas fueling stations. “We are closing the RNG supply loop as a uniquely vertically integrated company, extracting it from landfills, and moving it into renewable natural gas vehicles and trucks.”
“By converting organic waste into renewable natural gas for productive end-use, these RNG facilities will be beneficial to local communities, the transportation industry and the environment,” adds Brian O’Connor, partner of infrastructure and power at Ares. “This transaction is consistent with the Ares Infrastructure and Power team’s strategy of targeting new, environmentally compliant assets and creating value for our investors through our hands-on operations expertise within the power generation, transmission and midstream sectors.”
The new acquisitions represent the next step in Fortistar’s RNG development program, announced a year ago. Last May, the company also appointed David Unger – formerly director of renewable energy at Waste Management – head of its RNG development strategy.