We have signed a US$180M 4-year senior debt facility1 to boost our landfill gas (LFG) to renewable natural gas (RNG) platform in the United States, with Crédit Agricole Corporate and Investment Bank (Crédit Agricole CIB) and HSBC Asset Management as lenders and lender agents.
This financing, illustrating Waga Energy’s financial partners confidence in its state-of-the-art technology, will strengthen the group’s ability to successfully develop its strong US pipeline of projects, enabling it to boost its expansion of LFG to RNG assets on a large scale.
As of today, Waga Energy has signed 13 gas rights with landfill operators in the US (of which 2 WAGABOX® in operation and 11 projects under construction), totaling a 5 million MMBtu p.a. (1.4 TWh p.a.) capacity which will help generate renewable gas at an affordable price, with a major impact in terms of avoided methane emissions.
“We believe that Waga Energy’s technology is uniquely positioned to tackle methane emissions from landfills and create long-term value for our partners in the United States. 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.”
Guénaël Prince, Co-founder of Waga Energy and CEO of Waga Energy Inc.
“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 major step in the group’s development.”
Jean-Michel Thibaud, Group CFO and Deputy General Manager of Waga Energy