on Waga Energy (EPA:WAGA)
Waga Energy Secures $180M for US Expansion
Waga Energy Inc has announced a $180 million four-year senior debt facility aimed at expanding its landfill gas (LFG) to renewable natural gas (RNG) operations in the United States. Crédit Agricole CIB and HSBC Asset Management are the lenders facilitating this financial boost.
The funding demonstrates the financial partners' confidence in Waga Energy's technology and will support the company's growth ambitions in the US market. Currently, Waga Energy has agreements for 13 gas rights with landfill operators in the US, two of which are operational Wagabox® units. An additional 11 projects are under construction.
Guénaël Prince, CEO of Waga Energy Inc., highlighted the company's commitment to addressing methane emissions and building strong value propositions for partners in the US market. CFO Jean-Michel Thibaud expressed satisfaction with establishing strategic financing partnerships to enhance Waga Energy's development trajectory.
R. H.
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