Infrastructure asset manager Meridiam is moving into the US biogas sector via a partnership with Sevana Bioenergy.
Meridiam is investing $35m (€30.2m) to develop a biodigester project in Idaho with development partner Sevana acting as a service provider and long-term co-investor.
The project consists of the acquisition of an existing biogas facility which has been in operation since 2011.
The facility produces clean, renewable electricity from the anaerobic digestion of dairy manure that is delivered to the electric grid under a power purchase agreement with Idaho Power.
Founded in 2005, the $8bn manager Meridiam currently manages more than 80 projects and assets in public infrastructure in Europe, North America and Africa.
To read the digital edition of the latest IPE Real Assets magazine click here.
