Greenlane Renewables Signs Agreement with SWEN Capital Partners For Turn-key Biogas Upgrading Systems in Europe
Greenlane Renewables Inc. (“Greenlane”) (TSXV: GRN / FSE: 52G) today announced it has signed an agreement in principle with SWEN Capital Partners (“SWEN”) based in Paris, France to create a joint venture company (“JV Co.”) to accelerate deployment of Greenlane’s biogas upgrading systems by providing an innovative finance solution for customers in Europe using a build, own, operate model.
JV Co. will combine Greenlane’s market presence, technical expertise, customer contacts and industry experience with SWEN’s financial backing as a leader in sustainable investments with more than 5 billion Euro in assets under management. The intent of the parties is for JV Co. to assist in removing the burden of ownership on Greenlane’s clients by allowing them to replace initial capital outlays with a monthly fee.
By Business Wire