Transactions
Selkirk arranges project financing for 15.3 MW portfolio of existing landfill gas-to-power projects in California
Selkirk Advisory Group Inc. (“Selkirk”) is pleased to announce closing of an approximately US$12.2 million non-recourse project financing for a 15.3 MW portfolio of four existing landfill gas-to-power projects located in California (the “Portfolio”). The Portfolio is indirectly wholly owned by Ameresco, Inc. (“Ameresco”). All electricity produced is sold to local utilities pursuant to long-term power purchase agreements.
The financing is a term loan maturing in May 2038. Selkirk acted as arranger for the lender and is also administrative and collateral agent for the transaction.
“This financing supports our continued investment in critical infrastructure that transforms landfill gas into clean, reliable power,” said Mark Chiplock, Executive Vice President, Chief Financial Officer of Ameresco. “These projects not only convert waste into energy but also support local utilities with reliable power. We appreciate Selkirk’s partnership and their role in helping us bring these initiatives to life.”
“The Selkirk team is delighted to close another financing with Ameresco” said Daniel Doubilet, Managing Partner of Selkirk. “Landfill gas is the fourth technology we have financed for Ameresco, having previously supported them with solar, microgrid and battery storage project financings. We appreciate the continued trust and collaboration of the Ameresco team and look forward to supporting them with future transactions.”
