Nova Infrastructure, a middle-market infrastructure investor, has partnered with Nopetro Energy to create a renewable energy platform focused on renewable natural gas (RNG) and biofuels called Nopetro Renewables.
Nopetro was founded in 2007 aiming to displace petroleum consumption with a cleaner, cost-effective and domestic natural gas fuel. Led by Jorge Herrera, the company currently operates 16 CNG fueling facilities where it serves government, waste and industrial customers. As part of the transaction, Nopetro Renewables will construct one of Florida’s first landfill-gas-to-RNG facilities in Vero Beach, Fla. Nova has also made an equity investment in Nopetro Energy.
“Nova’s new RNG-focused partnership with Nopetro Energy capitalizes on the strong, increasing trend towards decarbonization of the natural gas value chain and benefits from Nopetro’s strong track record of commercializing renewable energy projects,” says Chris Beall, founder and managing partner of Nova Infrastructure. “Our new platform, Nopetro Renewables, seeks to build and operate renewable energy infrastructure, starting with a shovel-ready landfill-gas-to-RNG project in Vero Beach.