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GGS acquires StormFisher Biogas

Based in Toronto, biogas developer StormFisher has been acquired by Greenhouse Gas Services (GGS). GGS is a joint venture between GE Energy Financial Services and the AES Corporation.

StormFisher develops, owns and manages various projects around North America, where food and agricultural by-products are converted into natural gas and electricity.

Mauricio Vargas, CEO of GGS, said that the company foresees tremendous opportunities in North America as renewable energy and carbon policies continue to develop.

Due to begin construction later this year, a 2.8MW project will be GGS’s first biogas project. Located in London, Ontario, the biogas facility will generate renewable energy by processing more than 100,000 tonnes of organic materials.