Crédit Agricole CIB has secured a $180 million financing deal to support Waga Energy's expansion of renewable natural gas operations in the United States.

Information on the Target

Waga Energy is a prominent renewable natural gas producer that focuses on converting landfill gas (LFG) into renewable natural gas (RNG). Established in 2015 and headquartered in Eybens, France, the company has made significant strides in the sector, establishing a solid presence in the renewable energy market. Waga Energy's portfolio in the United States includes 13 signed gas rights agreements with landfill operators, two operational WAGABOX® units, and an additional 11 projects currently under construction.

Recently, Waga Energy secured a $180 million senior debt facility to support its expansion in the U.S. This financing, which was led by Crédit Agricole CIB and included HSBC Asset Management as a co-lender, is crucial for enabling the company to construct and operate its various assets across the United States, facilitating their ambitious growth strategy.

Industry Overview in the United States

The renewable energy sector in the United States has witnessed substantial growth in recent years, driven by heightened consumer awareness and governmental policies aimed at reducing carbon emissions. Particularly, the demand for renewable natural gas (RNG) has su