Vision RNG secures $207 million in financing from HASI to construct two LFG-to-RNG projects in Ohio
Vision RNG (VRNG) has secured $207 million in project financing from HASI to construct two landfill gas-to-renewable natural gas (LFG-to-RNG) projects in Ohio. The funding includes a $130 million construction facility and a $77 million investment tax credit (ITC) bridge loan. These projects, developed in partnership with WIN Waste Innovations, are expected to initially produce over 2 million MMBtus of RNG annually, with plans to double production within 11 years.
The initiatives aim to reduce approximately 120,000 tons of fossil-based CO2 emissions annually, equivalent to the CO2 produced by over 12 million gallons of gasoline or 250,000 barrels of oil each year. The projects will also create local jobs and contribute to a sustainable energy future by converting landfill gas, a byproduct of waste decomposition, into valuable renewable resources.
Vision RNG (VRNG) ha ottenuto 207 milioni di dollari in finanziamenti per progetti da HASI per costruire due progetti di gas da discarica a gas naturale rinnovabile (LFG-to-RNG) in Ohio. Il finanziamento include una struttura di costruzione di 130 milioni di dollari e un prestito ponte di 77 milioni di dollari per credito d'imposta sugli investimenti (ITC). Questi progetti, sviluppati in collaborazione con WIN Waste Innovations, si prevede producano inizialmente oltre 2 milioni di MMBtu di RNG all'anno, con piani per raddoppiare la produzione entro 11 anni.
Le iniziative mirano a ridurre circa 120.000 tonnellate di emissioni di CO2 basata su fossili all'anno, equivalente al CO2 prodotto da oltre 12 milioni di galloni di benzina o 250.000 barili di petrolio ogni anno. I progetti creeranno anche posti di lavoro locali e contribuiranno a un futuro energetico sostenibile, trasformando il gas da discarica, un sottoprodotto della decomposizione dei rifiuti, in preziose risorse rinnovabili.
Vision RNG (VRNG) ha asegurado 207 millones de dólares en financiamiento para proyectos de HASI para construir dos proyectos de gas de vertedero a gas natural renovable (LFG-to-RNG) en Ohio. La financiación incluye una facilidad de construcción de 130 millones de dólares y un préstamo puente de 77 millones de dólares por crédito fiscal de inversión (ITC). Se espera que estos proyectos, desarrollados en colaboración con WIN Waste Innovations, produzcan inicialmente más de 2 millones de MMBtus de RNG anualmente, con planes de duplicar la producción en 11 años.
Las iniciativas tienen como objetivo reducir aproximadamente 120,000 toneladas de emisiones de CO2 basadas en fósiles anualmente, equivalente al CO2 producido por más de 12 millones de galones de gasolina o 250,000 barriles de petróleo cada año. Los proyectos también crearán empleos locales y contribuirán a un futuro energético sostenible al convertir el gas de vertedero, un subproducto de la descomposición de residuos, en valiosos recursos renovables.
Vision RNG (VRNG)는 HASI로부터 2억 7천만 달러의 프로젝트 자금을 확보하여 오하이오에서 두 개의 매립가스에서 재생 가능한 천연가스(LFG-to-RNG) 프로젝트를 건설합니다. 이 자금은 1억 3천만 달러의 건설 자금과 7천7백만 달러의 투자 세액 공제(ITC) 브릿지 론을 포함합니다. WIN Waste Innovations와 협력하여 개발된 이 프로젝트는 초기적으로 연간 200만 MMBtu 이상의 RNG를 생산할 것으로 예상되며, 11년 이내에 생산량을 두 배로 늘릴 계획입니다.
이 이니셔티브의 목표는 연간 약 12만 톤의 화석 연료 기반 CO2 배출량을 줄이는 것이며, 이는 매년 1200만 갤런의 휘발유 또는 250,000배럴의 석유에서 발생하는 CO2와 같습니다. 이 프로젝트는 또한 지역 일자리를 창출하고, 폐기물 분해의 부산물인 매립가스를 소중한 재생 가능한 자원으로 전환함으로써 지속 가능한 에너지 미래에 기여할 것입니다.
Vision RNG (VRNG) a obtenu 207 millions de dollars de financement pour des projets de la part de HASI pour construire deux projets de transformation de gaz de décharge en gaz naturel renouvelable (LFG-to-RNG) dans l'Ohio. Le financement comprend une facilité de construction de 130 millions de dollars et un prêt relais de 77 millions de dollars pour crédit d'impôt sur les investissements (ITC). Ces projets, développés en partenariat avec WIN Waste Innovations, devraient initialement produire plus de 2 millions de MMBtu de RNG par an, avec des plans pour doubler la production dans les 11 prochaines années.
Les initiatives visent à réduire environ 120 000 tonnes d'émissions de CO2 d'origine fossile par an, ce qui équivaut au CO2 produit par plus de 12 millions de gallons d'essence ou 250 000 barils de pétrole chaque année. Les projets créeront également des emplois locaux et contribueront à un avenir énergétique durable en transformant le gaz de décharge, un sous-produit de la décomposition des déchets, en ressources renouvelables précieuses.
Vision RNG (VRNG) hat sich 207 Millionen Dollar an Projektfinanzierung von HASI gesichert, um zwei Projekte zur Umwandlung von Deponiegas in erneuerbares Erdgas (LFG-to-RNG) in Ohio zu bauen. Die Finanzierung umfasst eine Baumaßnahme von 130 Millionen Dollar und ein Bridgedarlehen in Höhe von 77 Millionen Dollar für Steueranreize (ITC). Diese Projekte, die in Zusammenarbeit mit WIN Waste Innovations entwickelt werden, sollen zunächst über 2 Millionen MMBtu RNG jährlich produzieren und planen, die Produktion innerhalb von 11 Jahren zu verdoppeln.
Die Initiativen zielen darauf ab, jährlich etwa 120.000 Tonnen fossiler CO2-Emissionen zu reduzieren, was den CO2-Emissionen von über 12 Millionen Gallonen Benzin oder 250.000 Barrel Öl pro Jahr entspricht. Die Projekte werden auch lokale Arbeitsplätze schaffen und zu einer nachhaltigen Energiezukunft beitragen, indem sie Deponiegas, ein Nebenprodukt der Abfallzerfall, in wertvolle erneuerbare Ressourcen umwandeln.
- Secured $207 million in project financing for LFG-to-RNG projects
- Initial output expected to exceed 2 million MMBtus of RNG annually
- Projected annual reduction of 120,000 tons of fossil-based CO2 emissions
- Plans to double RNG production within 11 years
- Creation of local jobs for project construction and operation
- None.
Insights
The
The projected output of over 2 million MMBtus of RNG annually, with plans to double within 11 years, positions these projects as major players in the RNG market. The expected reduction of
For investors, this deal highlights HASI's strategic positioning in the growing climate solutions market. It showcases the company's ability to structure complex financing packages for large-scale renewable energy projects, potentially leading to long-term revenue streams and enhanced shareholder value. The investment aligns with the increasing demand for cleaner energy sources and could benefit from favorable regulatory environments supporting renewable energy initiatives.
This financing deal represents a significant step forward in the waste-to-energy sector, particularly in landfill gas utilization. The projects' scale and projected environmental impact are noteworthy, with the potential to reduce
The partnership between Vision RNG, HASI and WIN Waste Innovations demonstrates an effective model for private sector collaboration in addressing climate challenges. By converting landfill gas to RNG, these projects not only mitigate methane emissions but also produce a valuable renewable fuel source, contributing to the circular economy.
From a policy perspective, this investment reflects the growing importance of renewable natural gas in the energy transition. It may influence future policy decisions, potentially leading to increased support for similar projects through tax incentives, grants, or favorable regulations. Investors should monitor how this project performs, as it could serve as a benchmark for future landfill gas-to-RNG initiatives and shape the regulatory landscape.
Significant funding to support ongoing construction on Vision RNG and WIN Waste Innovations’
The financing package includes both a
“Our partnership with HASI is a major milestone for Vision RNG,” said Kevin Johnson, Chief Financial Officer at Vision RNG. “This funding enables us to continue moving forward with our ambitious plans to produce more renewable natural gas, ultimately reducing greenhouse gas emissions and supporting the transition to cleaner energy sources.”
With an initial output expected to exceed 2 million MMBtus of RNG annually, the Projects aim to double this production within 11 years, positioning them among the largest RNG developments in the country. The anticipated annual reduction of approximately 120,000 tons of fossil-based carbon dioxide (CO2) emissions underscores the environmental impact of this financing and the projects it will support.
The RNG produced will provide a cleaner alternative for end users seeking to lower their carbon footprints. The projected emissions reductions from these initiatives equate to the estimated CO2 emissions produced by over 12 million gallons of gasoline or 250,000 barrels of oil each year.
Additionally, the projects will stimulate the local economy by creating numerous jobs to support the construction and operation of the Projects, demonstrating the broader economic benefits of this significant investment.
Landfill gas is a natural byproduct of waste decomposition and Vision RNG, with the backing of HASI and in partnership with WIN Waste Innovations, is committed to transforming this waste into a valuable renewable resource, reducing reliance on fossil fuels and contributing to a sustainable energy future.
“HASI is excited to partner with Vision RNG on these two remarkable projects that create low-carbon RNG by capturing methane emissions from landfills,” added Annmarie Reynolds, HASI Senior Managing Director. “This investment highlights our ability to deploy tailored financing solutions that enable our partners to accelerate the deployment of clean fuels to heat homes and decarbonize the transportation sector.”
“Converting landfill gases into RNG keeps them out of the atmosphere and provides a resource that is in much demand by the transportation sector,” says Doug Wilson, Chief Financial Officer at WIN Waste Innovations. “That very much aligns with our goal to embed sustainability at every step of our operations. We are excited to partner with Vision RNG to make good use of this renewable resource.”
About Vision RNG
Founded in 2021, Vision RNG, supported by Vision Ridge Partners is a leading developer, owner, and operator of LFG to RNG facilities. VRNG has assembled a team of industry leaders and skilled professionals committed to harnessing and maximizing the benefits of landfill gas for our partners and the broader energy community. For more information, please visit visionrng.com.
About HASI
HASI (NYSE: HASI) is a leading climate positive investment firm that actively partners with clients to deploy real assets that facilitate the energy transition. With more than
About WIN Waste Innovations
WIN Waste Innovations is a sustainable provider of essential waste and recycling services that believes in preserving the environment for future generations while providing for today's needs. WIN Waste operates a platform of 49 strategically located collection, transfer, and disposal assets, including waste-to-energy facilities, transfer stations, recycling facilities, ash monofills, and landfills, as well as fleets of rail cars and collection vehicles, including electric trash trucks. Annually, WIN Waste recycles more than 109,000 tons of metals from the waste stream and converts more than 5.5 million tons of post-recycled waste into renewable energy — enough to power the equivalent of 294,000 homes for a year. For more information, visit win-waste.com.
* Emissions statistics from epa.gov
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Vision RNG Media Inquiries
Cara Dickens
Rocket Pop
cara@rocketpopmedia.com
(804) 677-6556
Vision RNG Business Inquiries
Kevin Johnson, CFO, Vision RNG
kjohnson@visionrng.com
(724) 760-7415
Source: Vision RNG
FAQ
What is the total amount of financing Vision RNG secured from HASI for the Ohio LFG-to-RNG projects?
How much RNG is expected to be produced annually from the Vision RNG projects in Ohio?
What is the projected annual reduction in CO2 emissions from the Vision RNG projects?
Who is Vision RNG partnering with for the landfill gas-to-RNG projects in Ohio?
How does the $207 million financing from HASI for Vision RNG's projects break down?
