June 10, 2021
ALLENTOWN, PA – Energy Power Partners (EPP), a renewable energy-focused private market firm, announced today that it has completed its acquisition of LES Project Holdings, LLC (LESPH) from affiliates of Aria Energy.
LESPH consists of a portfolio of 16 operating landfill gas-to-energy projects in Michigan, New Jersey, Florida, California, Utah, North Carolina and Virginia, with a total of 90 megawatts of nameplate generating capacity. The projects sell renewable electricity to investment grade utilities under long-term contracts. The operating team managing the LESPH assets has transitioned to EPP’s operating affiliate, EPP Service Company, LLC, as part of the transaction.
With the acquisition, EPP’s portfolio will expand to nearly 50 renewable assets, and the firm will rank among the largest producers of renewable electricity from landfill gas in the U.S. “The LESPH assets strongly fit the investment strategy that we have pursued for the past decade, and complement our current portfolio of U.S. renewable projects,” said Henry Park, Managing Partner and Co-Founder of Energy Power Partners. “We are excited to expand our asset base, as well as our operating team, and look forward to optimizing the portfolio as the sustainable energy transition advances.”
Comerica provided debt financing for the transaction. Rath, Young and Pignatelli served as EPP’s legal counsel, SCS Engineers served as EPP’s engineering advisor, and Cohn Reznick served as EPP’s tax advisor.
About Energy Power Partners
Founded in 2009, EPP is a private market fund manager making long-term equity investments in U.S. and Canadian renewable energy projects, with a focus on decentralized generation and carbon neutral fuels. The firm targets assets that have predictable cash flows, utilize proven technologies, and have asset optimization potential. EPP’s current portfolio includes biogas, solar, wind, microgrid and cogeneration facilities producing renewable electricity, renewable natural gas, and providing sustainable energy solutions. EPP’s platform includes EPP Service Company, which provides asset management and operating services for EPP’s portfolio projects. https://www.energypowerpartners.com
Energy Power Partners