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Neogenix Fuels Joint Venture

Sector: Energy • Location: United States

Source: AOL

Project
Awarded

Ameresco signed a $400 million joint venture agreement with HASI to launch Neogenix Fuels, a biofuels business. Ameresco will own 70% of the JV, and HASI will own 30%. The transaction capitalizes the biofuels business and includes $300 million direct investment in Neogenix Fuels to drive growth and $100 million compensation to Ameresco for the existing business. The JV aims to accelerate biofuels

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The project “Neogenix Fuels Joint Venture” is an infrastructure initiative in the Energy sector, located in United States. Taiyo aggregates data on it from AOL.

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Participants

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Description

Description

Ameresco signed a $400 million joint venture agreement with HASI to launch Neogenix Fuels, a biofuels business. Ameresco will own 70% of the JV, and HASI will own 30%. The transaction capitalizes the biofuels business and includes $300 million direct investment in Neogenix Fuels to drive growth and $100 million compensation to Ameresco for the existing business. The JV aims to accelerate biofuels growth and expand the development pipeline.

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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