Starwood Energy, BerQ RNG partner for developing, acquiring RNG projects
September 7, 2021
By Starwood Energy Group
Starwood Energy Group Global has entered into an investment partnership with BerQ RNG Inc. – a developer of renewable natural gas (RNG) projects in Canada and the United States.
Starwood Energy is the majority platform owner and will operate under the name BerQ RNG. RNG projects in various stages will be developed and acquired through the new platform.
“We are excited to partner with a thoughtful investor like Starwood Energy,” Bas van Berkel, founder and CEO of BerQ, said. “This investment provides a great opportunity to build a premium RNG platform organization and execute more projects with farmers, landfill owners, and the industry overall. We are looking forward to working with other developers in the sector and helping to fund and accelerate their projects. We hope that the combination of being a good partner and providing reliable capital and in-depth expertise will result in a number of successful partnerships.”
Oakville, Ont.-based BerQ’s team includes developers with backgrounds in substrates, geographies, and technologies. Its RNG projects span landfill gas, animal waste, and wastewater projects. The arrangement will see BerQ contributing its projects, team and development expertise while Starwood Energy is to contribute its existing farm-based RNG investments and fund the platform.
“The BerQ leadership has spent their careers in the biogas and recycling space where they have achieved a successful track record and positioned BerQ to become a leader across multiple sub-sectors comprising RNG,” Alex Daberko, a managing director at Starwood Energy, said. “This investment further enhances Starwood Energy’s capabilities in, and commitment to, the renewable fuels sector more broadly.”
Himanshu Saxena, CEO of Starwood Energy, added, “Starwood Energy has been at the forefront of making investments in the energy transition space driven by our ESG objectives and the goals of our investors. We believe that the renewable fuels space offers tremendous opportunity, and we are continuing to seek partnerships with developers and owners. We welcome BerQ to the Starwood family of companies.”
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