Redtail Renewables, Pacolet Milliken launch RPM Holdings to advance renewable gas solutions

Redtail Renewables, headquartered in Indianapolis, has partnered with private investment firm Pacolet Milliken to form RPM Holdings (RPM). The venture launches jointly with the acquisition of an RNG project based in Owensboro, Kentucky.

“We are excited to launch RPM with Pacolet Milliken and begin our partnership with projects already underway,” Redtail Renewables CEO Casey Holsapple says. “Our combined expertise in renewable energy and operations will create a platform for future growth focused on mitigating methane emissions from landfills.” 

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The Owensboro project aims to advance renewable natural gas solutions across North America. The partnership also plans to launch an additional RNG project to break ground by the end of 2025. 

“This partnership marks an important step in scaling our RNG portfolio, and we look forward to working with the experienced team at Redtail,” says Lance Jordan, chief investment officer of Pacolet Power & Infrastructure, Greenville, South Carolina. “With much of our portfolio dedicated to assets that advance decarbonization, this joint venture enhances our ability to deliver meaningful impact while accelerating the growth of renewable natural gas.” 

The Owensboro RNG project, based at the West Daviess County landfill, is nearly completed and expected to be fully operational before the end of the year. The project will capture landfill gas and turn it into renewable natural gas and is anticipated to generate up to 500,000 million Btu annually; a long-term commercial offtake agreement is also in place. 

Redtail also has acquired a second project at the Oneida-Herkimer Regional Landfill in Boonville, New York. Redtail will continue the development and construction of that project. 

“We’re thrilled to see the company create value through RPM and immediately deliver with these project acquisitions,” says Paul Kaboub, partner and co-founder at Inyarek, Dedham, Massachusetts. “This joint venture and Redtail’s broader pipeline of opportunities highlight the strength of Redtail’s industry leadership and strategy. We’re confident in Redtail’s ability to execute on attractive opportunities in the current industry environment.”