LS Power have announced a major investment in a portfolio of renewable natural gas projects as part of its newly established renewable fuels platform.
LS Power have entered into a partnership with The Landfill Group, LLC, a North Carolina based developer and operator of landfill gas projects, to jointly develop a portfolio of landfill gas-to-renewable natural gas projects throughout the US. In addition, LS Power acquired an interest in a landfill gas-to-renewable natural gas (RNG) project in Lawrence, Kansas, US, operated by The Landfill Group, LLC.
The operating and development projects have long-term contracts with host landfills and convert landfill gas gathered onsite into pipeline-quality RNG. The RNG is then procured by utilities, gas marketers, compressed natural gas vehicle owners and others who are shifting toward renewable fuels with the goal of reducing greenhouse gas emissions.
Initial investments from the LS Power/The Landfill Group partnership will target sites in Georgia, Iowa, Pennsylvania, North Carolina and South Carolina, US. The partnership will leverage LS Power's broader energy infrastructure platform expertise in project development, commodity, environmental attribute and credit risk management, natural gas marketing, public policy and market development, and project finance.
RNG projects offer significant climate benefits by materially reducing methane emissions and replacing fossil fuels with renewable fuels. In recognition of these benefits, federal and state programmes have developed to incentivise the conversion of biogas to RNG, including the federal Renewable Fuels Standard, as well as Low-Carbon Fuel incentive programmes in states such as California and Oregon, US.
Renewable fuels, such as RNG, are a growing force in the market. According to the U.S. Energy Information Administration's Annual Energy Outlook 2020, over the last five years, RNG use as a transportation fuel has increased 291%, avoiding over 7 million t of carbon dioxide.
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