BerQ RNG Announces Closing of $110 Million in Solid Waste Facilities Revenue Bonds
BerQ RNG, a leading developer of renewable natural gas (RNG) projects, today announced the successful closing of $110 million in Solid Waste Facilities Limited Obligation Revenue Bonds issued by the Michigan Strategic Fund. The proceeds will be used to fund the construction of four dairy manure-to-RNG projects across Michigan.
The bonds were issued as part of the Michigan Private Activity Bond Program which, among other purposes, supports qualified investments in sustainable infrastructure that advance renewable energy and environmental benefits. The financing structure provides low-cost capital to support the deployment of BerQ RNG’s innovative dairy waste-to-energy solutions, reducing greenhouse gas emissions and contributing to a more sustainable energy future.