SKS Secures Investment from SWEN Capital Partners to Drive Biogas Development

SKS Secures Investment from SWEN Capital Partners

In a significant boost for the renewable energy sector, SKS Development LLC has announced that it has obtained financing from SWEN Capital Partners (SWEN CP) through their SWEN Impact Fund for Transition. This strategic financial backing aims to expand SKS's capabilities and advance the development of biogas production facilities that convert organic waste into renewable natural gas (RNG).

Located in Alma, Michigan, SKS has established itself as a leader in biogas facility development, particularly within the agricultural sector. The company's team has considerable expertise in constructing and operating these facilities, and they have fostered lasting partnerships with dairy and food processing industries. This investment will not only bolster SKS's workforce but also accelerate its growth trajectory in the North American biogas market.

Dr. Dana Kirk, Ph.D., P.E., the CEO of SKS, expressed enthusiasm about the partnership with SWEN CP, highlighting its critical role in realizing SKS's vision for a robust portfolio of high-quality projects. Kirk noted, "We are thrilled to be partnering with SWEN CP and believe they will be instrumental in helping us achieve our vision for building an attractive portfolio of high-quality projects in the agricultural and food processing industries." With a track record that includes successfully raising and deploying capital aimed at fostering biomethane companies throughout Europe, Kirk feels that SWEN CP's extensive knowledge and experience make them an ideal ally.

Supporting this view, Charlotte Virally, SWEN Capital Partners' Investment Director, stated, "We are delighted to support SKS, a leading RNG developer, and its highly recognized management team. Our partnership will accelerate SKS growth and help the management team to expand its portfolio of RNG projects."

Currently, SKS's portfolio comprises seven RNG production facilities at various stages of development across the United States, utilizing anaerobic digestion to process organic waste from 13 dairy farms. These facilities are anticipated to generate nearly 1.5 million dekatherms of RNG annually once fully operational. With significant relationships established with industry-leading partners in project finance, gas monetization, and equipment procurement, SKS is well-positioned for further growth in the coming years.

Since its inception in 2017, SKS Development has quickly emerged as a major player in the renewable energy landscape, focusing on waste-to-energy solutions that address both environmental and operational challenges. By capturing methane emissions, which are substantially more harmful than carbon dioxide, SKS plays a pivotal role in reducing greenhouse gas emissions while enhancing waste management practices.

The strategic investment from SWEN CP also presents an opportunity for the firm to extend its operations into the United States, leveraging its experience in supporting leading RNG players and projects in Europe.

As the world intensifies its focus on sustainable practices and the transition toward greener energy solutions, the collaboration between SWEN Capital Partners and SKS Development signifies not just financial investment but a commitment to environmental stewardship and positive social impact. This partnership may well be a catalyst for further innovations in the biogas sector, steering efforts toward sustainable energy and waste management solutions that benefit both the economy and the environment.

To learn more about SKS Development and its initiatives in the biogas sector, visit www.sksgreen.com.

About SWEN Capital Partners

SWEN Capital Partners is a prominent sustainable investment firm, managing over €8 billion in assets. The firm prioritizes climate-centered strategies and sustainable investment solutions, aiming to foster social and environmental changes while creating lasting value. SWEN CP's commitment to sustainability aligns seamlessly with SKS Development's mission to address waste management challenges through advanced biogas technologies.