Starwood, BerQ team up to develop RNG projects
The new platform will develop and acquire RNG projects in all stages, from early development to operating projects. The platform will be majority-owned by Starwood and operate under the name BerQ RNG.
Based on Oakville, Ontario, BerQ has an experienced team of developers with a diverse background across substrates, geographies, and technologies. The firm’s current pipeline of RNG projects covers landfill gas, animal waste and wastewater.
As part of the transaction with Starwood, BerQ will contribute its projects, team and development expertise and Starwood will contribute its existing farm-based RNG investments and fund the platform.
“We are excited to partner with a thoughtful investor like Starwood Energy,” said BerQ’s founder and CEO, Bas van Berkel.
“This investment provides a great opportunity to build a premium RNG platform organisation and execute more projects with farmers, landfill owners and the industry overall.
“We are looking forward to working with other developers in the sector and helping to fund and accelerate their projects. We hope that the combination of being a good partner and providing reliable capital and in-depth expertise will result in a number of successful partnerships.”
Alex Daberko, managing director at Starwood, commented: “The BerQ leadership has spent their careers in the biogas and recycling space where they have achieved a successful track record and positioned BerQ to become a leader across multiple sub-sectors comprising RNG.
“This investment further enhances Starwood Energy’s capabilities in, and commitment to, the renewable fuels sector more broadly.”