The project consists of the acquisition of an existing biogas facility which has been in operation since 2011, near Twin Falls, Idaho

Background

Sevana Bioenergy is a developer of bio-digestion projects that was looking for a development partner for Idaho Biogas and approached Meridiam to join the partnership. Idaho Biogas 1, is a two phases project:

1. The acquisition of an existing biogas facility which has been in operation since 2011. The facility produces clean, renewable electricity from the anaerobic digestion of dairy manure that is delivered to the electric grid.
2. The upgrade of the facilities to produce renewable natural gas (RNG) that will be marketed under the renewable fuel standard programs in the federal and California market. The anticipated RNG production will be distributed as renewable transportation fuel for commercial vehicles and is estimated to displace approximately 2,000,000 gallons of diesel per year.