UGI Announces its Fifth Renewable Natural Gas Project in Upstate New York
November 15 2022 - 9:00AM
Business Wire
New Project Expected to be Completed in Second Half of 2024 and
to Produce 35 Million Cubic Feet of RNG Annually
UGI Corporation (NYSE: UGI) announced today that Cayuga RNG has
entered into an agreement to develop its fifth project to produce
renewable natural gas (“RNG”) in upstate New York. Cayuga RNG is a
joint venture of UGI Energy Services, LLC (“UGIES”), a subsidiary
of UGI, and Global Common Ventures, LLC (“GCV”).
"We are excited to partner with Global Common and UGI to
revitalize our digester and create renewable energy,” said Sarah
Head, of New Hope. “We feel it is a huge benefit to our farm,
community and environment to lower our emissions while creating
sustainable energy. It is the future of our industry as well as our
energy production."
This new project will be constructed at New Hope View Farms, LLC
(“New Hope”), which is located in Cortland County in upstate New
York. The project will modify an existing anaerobic biogas facility
to generate RNG. The proposed project is expected to be completed
in the second half of 2024 and include the construction of gas
upgrading equipment at the existing facility. Once completed, the
project is expected to produce approximately 35 million cubic feet
of RNG annually that will be delivered to a local natural gas
pipeline serving the regional distribution system. UGIES’
subsidiary, GHI Energy, will be the exclusive marketer for Cayuga
RNG.
“RNG continues to be a key platform for growth at UGI and we are
excited to partner with New Hope to expand our RNG business in New
York, where we just celebrated our first project being placed in
service last month,” said Robert F. Beard, Executive Vice President
- Natural Gas, UGI.
About UGI Corporation
UGI Corporation is a distributor and marketer of energy products
and services. Through subsidiaries, UGI operates natural gas and
electric utilities in Pennsylvania, natural gas utilities in West
Virginia, distributes LPG both domestically (through AmeriGas) and
internationally (through UGI International), manages midstream
energy assets in Pennsylvania, Ohio, and West Virginia and electric
generation assets in Pennsylvania, and engages in energy marketing,
including renewable natural gas in the Mid-Atlantic region of the
United States and California and internationally in France,
Belgium, and the Netherlands.
Comprehensive information about UGI Corporation is available on
the Internet at https://www.ugicorp.com.
About GCV
GCV designs, develops, owns and operates various energy
projects, including utility scale power plants, renewable fuels
projects, microgrids, and on-site generation projects. GCV
establishes Strategic Energy Partnerships with our clients to
design and implement energy projects that meet their business
objectives. GCV has a broad range of experience in all aspects of
energy project design, development and financing. GCV has performed
innovative feasibility studies and project design; negotiated
project agreements needed to enable financing, including complex
power purchase agreements (PPAs); engineering, procurement, and
construction (EPC) contracts; fuel supply agreements; and secured
complex environmental permits in challenging regulatory
environments. GCV also has extensive experience developing
financial models and securing project financing.
Comprehensive information about GCV is available on the Internet
at http://globalcommon.com/
About New Hope
New Hope is a fifth generation dairy farm. The current
generation of the family, Gaelen Head, Trevor Head, Sarah Head and
husband Andrew Burback manage 1500 cows and 1300 heifers on 2400
acres of ground. They farm with their elder partners, Bill, Leonard
and Rodger Head. The farm is located in Homer NY. It was purchased
in 2006 as a satellite facility to the original home farm on the
west side of Skaneateles Lake in New Hope, NY. They have since
moved operations to this location in Homer and have grown the
business to what it is today. New Hope still grows crops on the
original home farm. The RNG project with UGI is a perfect
partnership to utilize the current digester, create RNG, and help
facilitate sustainability for the farm.
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