November 17, 2020

North Sky Capital Invests in Renewable Natural Gas Project in California

Minneapolis, MN, November 9, 2020 An article from Institutional Investing in Infrastructure (i3) is focused on the announcement that North Sky Capital and Anaergia Services have broken ground on a renewable natural gas facility at the Victor Valley Wastewater Reclamation Authority in San Bernardino County, California.

Below are some of the highlights; the full story is available here (free registration required to access).

  • This public-private-partnership between VVWRA, Anaergia and North Sky will utilize Anaergia’s anaerobic digestion retrofit to triple capacity, increase redundancy of existing digester infrastructure, and convert organic waste and sludge into pipeline-quality renewable natural gas.
  • The project is expected to reduce more than 6,000 metric tons of methane per year, which otherwise would be flared into the atmosphere.
  • The project is located in a San Bernardino County Opportunity Zone.
  • “The market for sustainable infrastructure has remained strong throughout 2020, despite the pandemic and economic downturn,” noted Adam Bernstein, managing director at North Sky Capital. “Energy prices rebounded from a temporary trough in early Q2, and there is continued strong momentum at the state level for comprehensive clean energy plans across power, fuels and efficiency.”
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