Sustainable Development Capital LLP (SDCL), a specialist energy-efficiency investor, has acquired a stake in two poultry waste-to-energy projects in North Carolina for $28 million.
The facilities will each process 240 tonnes of poultry litter daily, generating 2.1 megawatts of electricity and the equivalent of 22 megawatts thermal (of thermal energy). The projects will provide essential energy services to local municipal wastewater treatment plants. SDCL said they provide significant environmental benefits by mitigating carbon emissions and soil pollution.
The projects were developed by East Energy Renewables (EER), a company specializing in the waste-to-energy space. SDCL noted their revenues will be underpinned by long-term, fixed-price and offtake contracts with creditworthy counterparties.
“Bioenergy is one of the largest sources of renewable energy globally today,” said Jonathan Maxwell, CEO and founder of SDCL. “Investment in projects like these are
