Amp Americas expands RNG portfolio with two acquisitions
Amp has expanded its partnership with Generate Capital, consolidating its flagship Indiana dairy RNG project assets into Amp’s expanding RNG portfolio. Generate Capital will invest in Amp’s corporate equity.
Amp commenced development of the Indiana projects in 2012 and has operated and managed them on behalf of Generate Capital since June 2018. These projects consist of five digesters and two gas processing plants capturing methane from approximately 1.5 million gallons per day of dairy waste, generated by 36,000 cows. The facilities then purify and compress the methane into carbon-negative renewable transport fuel.
Additionally, Amp acquired a group of RNG project assets in Idaho from Vitol Green Holdings, an affiliate of Vitol. The project consists of three digesters at two gas processing plants and one electric power generation plant, capturing methane from more than 940,000 gallons of dairy waste daily.
With these additions to Amp’s portfolio, the company now operates seven of the largest dairy biogas-to-transportation fuel projects in the US and is producing fuel from dairy waste generated by over 100,000 cows across 20 dairies.
“We have an agile structure and proven ability of finance, build, own, operate, market and deliver renewable energy projects – all under one roof,” said Grant Zimmerman, CEO of Amp Americas.
“We believe the strength of these acquisitions, combined with our existing asset portfolio, will enable us to continue to make meaningful contributions to the decarbonisation of the transportation and agriculture sectors.”
John Dannan, managing director at Generate Capital, commented: “Amp Americas has been a valued decarbonisation partner for Generate over the last several years and we are excited to deepen our relationship with Amp through our investment in the company.
“Amp Americas’ scale and expertise are an attractive model for reducing methane pollution and expanding the RNG market and we are looking forward to supporting the company’s growth in the years to come.”