California Bioenergy secures up to $500M from Brookfield Renewable to grow RNG

In California, California Bioenergy announced a funding partnership of up to $500 million with Brookfield Renewable and its institutional partners to scale CalBio’s growth in renewable natural gas and other waste-to-energy opportunities.

With Brookfield’s funding and a supportive agricultural carbon price, CalBio plans to more than double RNG production over the next five years with continued expansion of its California digester projects and selective expansion into other States. Currently, CalBio is reducing emissions by over 1 million metric tons
of CO2e per year and with expanding state and federal carbon credit programs, it is targeting two to three million tons per year of CO2e of reductions.