LOS ANGELES, CA – December 31, 2012 – A fund managed by Energy Power Partners (“EPP”) has announced the acquisition of interests in three operating landfill gas-to-energy (LFGTE) projects located in Indiana, Maryland, and Mississippi.
The projects currently sell renewable gas under long term contracts to major regional off-takers. LFG generated by the landfill sites is currently underutilized and the acquisition includes the right to use all the LFG produced at the landfills for future expansions.
Terms of the deal were not disclosed.
“We are excited to build upon our existing partnerships as we continue to strengthen our North American LFGTE platform,” EPP Managing Partner Jerry Peters said in a statement.
Added Managing Partner Henry Park, “EPP’s investment in these projects provides further momentum for its renewable portfolio. We look forward to implementing our value-add strategy to enhance the the already-profitable operations of these three projects in the new year.”
Energy Power Partners is a private equity fund manager for institutional investors wanting to take advantage of the growing renewable investment opportunities in the United States. EPP targets small to medium-sized renewable power projects with contracted cash flows and long term capital appreciation potential. The partners of the team are among the most experienced in the renewable industry and have collectively invested over $12 billion in 91 relevant energy and power investments, with a 25 year track record of successful equity and debt investment across a diverse range of renewable technologies. For more information, visit www.energypowerpartners.com.
EPP’s management company is recognized by the California Public Utility Commission as a Minority-Owned Business Enterprise (MBE).