Green Rock Energy Partners Announces Partnership with Renewable Power and Renewable Natural Gas Producer Bio Town Biogas
Green Rock Energy Partners LLC, a sustainable infrastructure focused private equity firm which invests in renewable energy companies and projects, acquired a stake in Bio Town Biogas LLC, a producer of renewable power that is expanding into renewable natural gas, in partnership with Bio Town Ag and lenders. Green Rock’s announcement of the partial acquisition, which closed in Q3 2021, is the firm’s first investment announcement.
Bio Town sources food waste, dairy manure, beef manure, and other agriculture waste to produce renewable electricity, renewable heat, and renewable natural gas. The project, located in Reynolds, Indiana, is expected to produce more than 42 million kilowatt-hours of renewable power per year, while also producing more than three million gallons of renewable fuel per year. Northern Indiana Public Service Company will provide the renewable power offtake, while United Energy Trading and others will provide the renewable natural gas offtake.