TotalEnergies and Vanguard Renewables have signed an agreement to create an equally owned joint venture to develop, build, and operate Farm Powered renewable natural gas (RNG) projects in the United States. The signing took place in New York on April 12, 2024 in the presence of Patrick Pouyanne, Chairman and CEO of TotalEnergies and Larry Fink, Chairman and CEO of BlackRock.
TotalEnergies and Vanguard Renewables will advance 10 RNG projects into construction over the next 12 months, with a total annual RNG capacity of 0.8 TWh (2.5 Bcf). The three initial projects in this agreement are currently under construction in Wisconsin and Virginia, each with a unit capacity of nearly 75 GWh (0.25 Bcf) of RNG per year.