Power Sustainable Infrastructure Credit Secures $85 Million for Sagepoint Energy's RNG Platform Expansion

Power Sustainable Infrastructure Credit (PSIC) has recently finalized a significant financial commitment, closing an $85 million senior secured financing deal intended for Sagepoint Energy, a company dedicated to renewable natural gas (RNG) initiatives. This strategic financing is expected to bolster Sagepoint's landfill RNG assets, expanding its capacity for RNG production while simultaneously addressing methane emissions.

Sagepoint operates a vertically integrated platform encompassing landfill operations, dairy operations, and RNG logistics, strategically positioned to capitalize on the growing demand for sustainable energy sources. By increasing its RNG production capabilities, Sagepoint aims to significantly contribute to the mitigation of greenhouse gases, aligning with global sustainability goals.

Daniel Fein, the Managing Director of PSIC, expressed enthusiasm for this partnership: "We are pleased to collaborate with Sagepoint and its experienced management team as they implement a promising growth strategy within the landfill RNG sector. The production of RNG is a vital element in decarbonizing crucial energy supply chains, and we believe that Sagepoint is positioned to generate meaningful outcomes for all stakeholders involved."

Aaron Johnson, CEO of Sagepoint Energy, echoed these sentiments, stating, "This financial backing from PSIC allows us to expand our portfolio and fast-track key projects aimed at enhancing our RNG production capabilities. We greatly appreciate PSIC's support and are excited to further our commitment to sustainable energy solutions together."

The financing from PSIC showcases its ongoing strategy of investing in infrastructure projects that promise improved resource efficiency, decarbonization, and reliability in essential energy systems. PSIC aims to provide tailored financial solutions that empower exceptional companies and management teams across various infrastructure sectors, including energy, transportation and logistics, and utilities. As of now, PSIC has completed nine investments across North America, recently announcing the closure of its first global fund, with total capital aligned with its sustainability-focused strategy reaching $1 billion.

Millbank LLP served as legal counsel for PSIC, while Moore & Van Allen represented Sagepoint in this transaction.

About Power Sustainable

Power Sustainable functions as an alternative asset manager focused on various strategies, financing sustainable infrastructure projects, private equity investments, and credit sectors. As a subsidiary of Power Corporation of Canada (TSX POW), the firm allocates institutional capital into sectors undergoing structural transformations, aligning its investment strategy with sustainability objectives while seeking competitive risk-adjusted returns.

About Sagepoint Energy

Headquartered in Carmel, Indiana, Sagepoint Energy stands as a leader in resource efficiency. The company specializes in developing and operating waste-to-energy solutions, staffed by over 70 professionals committed to advancing the waste-to-fuel sector across the United States. Sagepoint's innovative approach aims to convert waste into sustainable energy, contributing significantly to environmental protection and energy resilience.

To learn more about PSIC's initiatives, visit their website at https://powersustainable.com/en/, and for insights into Sagepoint Energy's operations, head to www.sagepointenergy.com.