Pine Creek Renewables closes RNG financing agreement

Fiera Infrastructure Private Debt, Montreal, Quebec, has announced the closing of a senior secured credit facility to St. Petersburg, Florida-based Pine Creek Renewables, the developer, owner and operator of a growing portfolio of renewable natural gas (RNG) projects. 

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The facility will support the construction and operation of three RNG projects located at two landfills and one anaerobic digestor, located in the western U.S. As the waste at these sites decomposes, it naturally produces methane, a greenhouse gas, which Pine Creek RNG will capture and convert to pipeline quality natural gas, the company says. 

Fiera Infrastructure Private Debt led the investment, partnering alongside New York-based Foundation Credit who also invested in the facility for their infrastructure debt strategy, Foundation Infrastructure Opportunities. 

Pine Creek RNG is an RNG producer that develops, owns and operates RNG facilities across the U.S. Landfill owners and industrial digesters work with Pine Creek to convert sources of raw biogas into low-carbon fuels, the company says.