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Be the first with the news that moves the market- Green Impact Partners (GIP) has selected Amber Infrastructure Group as a partner on select projects worth US$545 million
- These include the GreenGas Colorado, Iowa RNG and Future Energy Park projects, and the total amount represents a 50-per-cent project-level equity interest in each facility
- Amber Infrastructure is an infrastructure investor with over $8 billion in assets, based in London, with offices in North America, Europe and Australia
- Green Impact Partners Inc. is a clean energy company with an operating portfolio of water and solids treatment and recycling facilities in North America
- Green Impact Partners Inc. (GIP) opened trading at C$7.23 per share
Green Impact Partners (GIP) has selected Amber Infrastructure Group as a partner on select projects worth US$545 million.
These include the GreenGas Colorado, Iowa RNG and Future Energy Park projects. The total amount represents a 50-per-cent project-level equity interest in each facility.
Amber Infrastructure is an infrastructure investor with over $8 billion in assets, based in London, with offices in North America, Europe and Australia.
“We are very excited to announce this transformative transaction, moving forward with a leading infrastructure investment partner, that highlights the immense value of our net zero projects and development portfolio,” said Jesse Douglas, Chief Executive Officer.
“Securing this project-level funding will enable us to move forward with our development portfolio in an accretive way to our shareholders,” he added.
“We are excited to partner with GIP to deliver projects that align with progressive government policy in the US and Canada,” said Tom O’Shaughnessy of Amber Infrastructure.
Green Impact Partners Inc. and certain affiliates and Amber Infrastructure LLC and certain affiliates executed a strategic partnering agreement whereby Amber agreed to purchase 50 per cent of the equity in Future Energy Park and Iowa RNG for aggregate consideration of up to $485 million, subject to certain conditions.
In addition, GIP and Amber agreed to the terms of a unit purchase agreement whereby GIP will receive gross proceeds of $43.9 million for the sale of 50 per cent of the equity it holds in GreenGas.
Green Impact Partners Inc. is a clean energy company with an operating portfolio of water and solids treatment and recycling facilities in North America.
Green Impact Partners Inc. (GIP) opened trading at C$7.23 per share.
