Green Rock Energy Partners LLC, a sustainable infrastructure-focused private equity firm, has announced an addition to its expanding portfolio of investments in the renewable energy space.
It has acquired PSA South Hills Landfill Gas Venture LLC, a renewable natural gas (RNG) production facility located in South Park Township, Pennsylvania, and the purchase closed in Q4 2022.
Green Rock said the acquisition is in keeping with its ESG commitment and its primary investment focus on producing energy from waste-to-value assets.
South Hills upgrades landfill biogas to produce RNG that will be sold in the vehicular transportation market as renewable compressed natural gas. Production at the facility is expected to exceed one million gallons of renewable fuel per year. Green Rock has partnered with United Green Energy, and others, to manage the renewable natural gas offtake.
Other recent notable investments from Green Rock - which is led by five veterans of the traditional commodities sector now investing in carbon-netural processes - include the RNG platform Viridi Energy and the renewable power and RNG producer Bio Town Biogas.
“Green Rock is proud to expand our sustainable infrastructure portfolio,” said Cody Myers, co-founder and managing partner of Green Rock. “We continue to invest in renewable natural gas assets due to their ability to facilitate the transition to a lower-emission future while providing attractive returns.”
Green Rock was supported in the South Hills acquisition by Venture Engineering & Construction (VEC). VEC supplied technical advisory services during due diligence, and VEC will also provide engineering consulting and operations and maintenance services post-close. Kean Miller acted as the legal advisor to Green Rock.
“We are excited to partner with the talented team at Green Rock on the South Hills project,” said Dave Moniot, president of VEC.
“VEC has been an excellent partner to Green Rock as we evaluate opportunities to deploy capital into RNG and other sustainable infrastructure opportunities,” said Martin Mitchell, co-founder and managing partner of Green Rock. “VEC’s team combines differentiated technical expertise for smaller-scale site development with the design creativity and implementation flexibility that is critical for project success in this segment of the market."
Green Rock Energy Partners announces new acquisition
