Ameresco Announces Closing of Neogenyx Fuels Joint Venture with HASI to Accelerate Growth of Advanced Biofuels
Ameresco closed the joint venture Neogenyx Fuels with HA Sustainable Infrastructure Capital (HASI), spinning off its biofuels business into a new entity. Neogenyx Fuels is valued at a $1.8 billion post-money enterprise value, with Ameresco retaining a 70% ownership stake and HASI owning 30%.
Key figures
- Deal Value Usd
- 1800000000
- Cash to amrc at closing
- $100 million
- Jv ownership amrc percent
- 70%
- Jv ownership hasi percent
- 30%
- Hasi investment commitment
- $400 million
AI analysis
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