Waga Energy accelerates U.S. expansion with $180 million debt facility

Waga Energy has secured a US$180 million, four-year senior debt facility to accelerate the roll-out of its landfill gas-to-renewable natural gas (RNG) projects across the United States.
The financing is provided by Crédit Agricole Corporate and Investment Bank and HSBC Asset Management, which will also act as lender agents.
The new facility strengthens Waga Energy’s ability to advance its growing pipeline of U.S. projects and scale up deployment of its Wagabox technology, which upgrades landfill gas into grid-quality RNG.
The company said the deal reflects strong confidence from financial partners in its technology and long-term business model.
Waga Energy has so far signed 13 gas rights agreements with U.S. landfill operators - two Wagabox units already in operation and 11 projects under construction.
Once fully deployed, these sites will represent a production capacity of around five million MMBtu per year (1.4 TWh per year).
The resulting RNG output is expected to contribute to more affordable low-carbon energy while significantly reducing methane emissions from landfill sites.
Guénaël Prince, Co-founder of Waga Energy and CEO of Waga Energy, said the technology is well positioned to help address landfill methane emissions while creating value for partners.
“We are grateful to Crédit Agricole CIB and HSBC Asset Management for supporting Waga Energy’s acceleration and demonstrating our ability to build a remarkable project portfolio,” he said.
Jean-Michel Thibaud, Group CFO and Deputy General Manager of Waga Energy, described the financing as a major milestone.
“We are extremely pleased by this landmark debt transaction with Crédit Agricole CIB and HSBC Asset Management as strategic financing partners, which we warmly thank for this significant step in the group’s development,” he said.