ST. LOUIS, MO – Sugar Creek Capital has expanded into the renewable natural gas (RNG) sector by finalizing a $53 million tax credit investment with Maas Energy Works (MEW), the leading dairy digester operator in the U.S.
The transaction involved Section 45Z Clean Fuel Production Tax Credits. MEW generated the credits through dairy RNG facilities in their portfolio. Each project uses anaerobic digesters to break down manure and produce biogas, which is then processed into RNG for use as vehicle fuel.
“Adding renewable natural gas to our investment platform reflects our view that the energy transition will require a diverse mix of technologies,” Blake Schrader, Director of Investor Relations at Sugar Creek Capital, said.
The transaction marks the addition of renewable natural gas as a new asset class within Sugar Creek Capital’s investment portfolio. RNG projects represent an opportunity to invest in domestic energy infrastructure while supporting the firm’s long-standing mission of sustainable investing with meaningful social impact.
“Our mission has always been to direct capital toward investments that create lasting benefits for communities,” Raj Mehta, Partner and Head of Sugar Creek’s Renewable Energy Group, said. “This transaction allows us to expand that mission into rural America by supporting projects that generate economic opportunity alongside clean energy production.”
About Sugar Creek Capital
Sugar Creek Capital, headquartered in St. Louis, Missouri, is a leader in impact investing. The firm focuses on the low-income housing and renewable energy sectors. Since its inception, Sugar Creek has invested more than $4 billion across these industries. The firm’s renewable energy platform focuses on tax equity and transferable tax credit investments in the solar, wind, battery storage and renewable natural gas sectors. Sugar Creek sources, underwrites, negotiates and manages renewable energy investments with leading developers on behalf of its investors. The firm’s deep industry relationships and experienced in-house asset management team support disciplined execution and help ensure investments deliver high performance. Investments in renewables projects with Sugar Creek not only deliver attractive economic returns, but they also produce positive impact for local communities by reducing carbon emissions, generating clean electricity, creating new jobs and stimulating economic growth.
About Maas Energy Works
Maas Energy Works is a family-owned renewable energy business headquartered in Redding, California. We develop, own and operate renewable energy facilities by partnering with dairy families to turn cow manure and other organic waste into biogas. We then use that biogas to generate vehicle fuel, electricity and process fuel. Our founders, Daryl and Christianna Maas, believe this waste-to-energy transformation reflects God’s design for humanity — created in His image to redeem and create. Our 220 employees operate the nation’s largest fleet of dairy digesters across nine states with excellence. Learn more at www.maasenergy.com.
Contact
Blake Schrader
Sugar Creek Capital
804-363-4575