Clean Power Income Fund recently made a US$93-million deal to acquire a U.S. landfill gas generator. California-based Gas Recovery System Inc. — the largest independent landfill gas generator in North America — will continue to run the company under a management contract.
Clean Power’s assets include two hydroelectric facilities in B.C. and two in Ontario. Gas Recovery owns and operates 29 power-producing assets in nine states. According to Peter Korth, Clean Power’s CFO, the transaction offers diversification to investors in a high-quality, long-term portfolio of assets.
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