Generate Capital, PBC and Fiera close $43M financing for NA AD portfolio

In California, Generate Capital, PBC along with Fiera Infrastructure Private Debt, announced the closing of a $43 million inaugural financing for Generate Upcycle’s North American anaerobic digestion (AD) portfolio.

The portfolio, which includes five upgraded RNG assets across Ontario, Canada and Upstate New York, is expected to deliver approximately 1 million GJ per year of RNG production capacity once fully ramped. The transaction, led by Fiera Infrastructure Private Debt, represents:

·      Generate’s first cross-currency, cross-border financing

·      The first financing of food-waste RNG in Generate’s portfolio

The long-term facility allows Upcycle to recycle balance sheet capital and supports future expansion across the platform.

Tags: California, Generate Capital, PBC

Category: Fuels