ALLENTOWN, PA – (COMMERCIAL THREAD) – Energy Power Partners (EPP), a private market company focused on renewable energy, today announced that it has completed the acquisition of LES Project Holdings, LLC (LESPH) from subsidiaries of Aria Energy.
LESPH consists of a portfolio of 16 landfill gas to energy conversion projects in Michigan, New Jersey, Florida, California, Utah, North Carolina and Virginia, with production capacity nominal total of 90 megawatts. The projects sell renewable electricity to quality utilities under long-term contracts. The operations team managing the assets of LESPH has moved to EPP’s operating subsidiary, EPP Service Company, LLC, as part of the transaction.
With the acquisition, EPP’s portfolio will expand to nearly 50 renewable assets, and the company will rank among the largest producers of renewable electricity from landfill gas in the United States. and complement our current portfolio of renewable projects in the United States, âsaid Henry Park, Managing Partner and Co-Founder of Energy Power Partners. âWe are excited to expand our asset base, as well as our operations team, and look forward to optimizing the portfolio as the sustainable energy transition progresses. ”
Comerica provided debt financing for the transaction. Rath, Young and Pignatelli served as EPP’s legal advisers, SCS Engineers served as EPP’s engineering advisor, and Cohn Reznick served as EPP’s tax advisor.
About Energy Power Partners
Founded in 2009, EPP is a private market fund manager that invests long term in renewable energy projects in the United States and Canada, with an emphasis on distributed generation and carbon neutral fuels. The company targets assets that have predictable cash flow, use proven technologies and have the potential for asset optimization. EPP’s current portfolio includes biogas, solar, wind, micro-grid and cogeneration facilities producing renewable electricity, renewable natural gas and providing sustainable energy solutions. EPP’s platform includes EPP Service Company, which provides asset management and operations services for projects in the EPP portfolio. http://www.energypowerpartners.com