DJIA52002.41 -175.28
S&P 5007659.44 -84.62
NASDAQ26140.03 -572.99
Russell 20002721.37 -45.90
German DAX25622.61 239.99
FTSE 10010881.90 41.55
CAC 407956.70 22.00
EuroStoxx 506203.55 32.40
Nikkei 22565324.29 898.34
Hang Seng24186.83 124.11
Shanghai Comp3716.28 8.80
KOSPI5668.05 113.83
Bloomberg Comm IDX144.42 0.53
WTI Crude-fut109.69 4.08
Brent Crude-fut101.84 4.31
Natural Gas3.12 -0.09
Gasoline-fut3.24 0.10
Gold-fut4186.70 -5.60
Silver-fut57.13 -0.47
Platinum-fut1639.70 4.10
Palladium-fut1115.00 -16.50
Copper-fut6.56 0.00
Aluminum-spot3195.00 0.00
Coffee-fut305.55 6.85
Soybeans-fut1260.50 -3.75
Wheat-fut659.75 -9.50
Bitcoin81677.46 -813.88
Ethereum USD2421.45 -38.86
Litecoin59.56 -1.23
Dogecoin0.08 0.00
EUR/USD1.1198 0.0070
USD/JPY158.27 -0.60
GBP/USD1.3255 0.0107
USD/CHF0.8296 -0.0085
USD IDX101.78 -0.23
US 10-Yr TR5.079 -0.008
GER 10-Yr TR3.4206 0.0114
JAP 10-Yr TR2.937 0.001
Fed Funds4 0
SOFR3.89 0.01
Connect News Money news for every market and every facet, every day.
Connect Money Events Live and virtual events bringing together the best of information and networking.
Financial Industry Events Live industry events.
Connect Creative A full service marketing and PR agency.
Connect Awards View the A-list of money & submit nominations.
Connect Media Kit Advertise, Promote, Attend, Create – Work with Connect.
About Connect Meet the team behind the machine and taste a little of the secret sauce.
Connect News

Your source for clear, concise news of maximum importance to the financial services industry.

Connect Classroom

Offering on-demand online courses that provide continuing education credits for brokers, attorneys, appraisers and architects. Select from easily accessible video and written courses that cover a variety of CRE topics.

Find Your Course
High-rise commercial buildings

STAY INFORMED

News when you need it. All our Breaking News, right to your inbox.

Sub Markets

Topics

Alternative Assets  + Real Assets  |  April 4, 2023
Ontario Teachers’ to Buy Majority Stake, Make $250M Commitment in RNG Developer Sevana
Joe Palmisano
By: Joe Palmisano

Ontario Teachers’ to Buy Majority Stake, Make $250M Commitment in RNG Developer Sevana

The Ontario Teachers’ Pension Plan Board will acquire a majority stake in Sevana Bioenergy and make a capital commitment of $250 million in the Boise, Idaho-based renewable natural gas (RNG) developer under a new strategic partnership.

Sevana is a pioneer in the RNG industry, developing and upgrading large-scale biogas projects to increase the production and use of RNG through the reduction of organic waste.

California-based Sevana has completed dairy and organics projects across agricultural areas including Oregon, Idaho and South Dakota since its founding in 2017 by CEO John McKinney, and the partnership aims to help the company scale and develop RNG projects across North America.

Sevana is the latest investment by Ontario Teachers’ Pension Plan in the Sustainability and Energy Transition sector. The pension plan is committed to achieving net-zero greenhouse gas emissions by 2050.

Kirkland & Ellis LLP served as legal counsel to Ontario Teachers’ on the transaction. Fredrickson and Byron served as legal counsel to Sevana.

Connect

Inside The Story

Sevana Bioenergy

About Joe Palmisano

Joe Palmisano is editorial director of Connect Money, where he oversees daily coverage of alternative assets, direct investments, financial advisory and the economy. He brings three decades of experience as a financial journalist, analyst and portfolio manager. Before joining Connect Money, Palmisano wrote for The Wall Street Journal, covering foreign exchange, global fixed-income and equity markets. He later served as a senior research analyst and portfolio manager, producing market analysis and managing foreign exchange and U.S. equity portfolios for FX Concepts. His work has also appeared in SFO Magazine and CMT Association publications. Palmisano earned a bachelor’s degree in finance from The American University and holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
Order Reprints