Brisbane-based energy producer Energy Developments Pty Ltd (EDL) has completed the acquisition of Broadrock Renewables (Broadrock), replacing Macquarie Infrastructure Partners II (MIP II) as the owner of the landfill-gas-to-energy (LFGTE) business headquartered in Johnston, Rhode Island. MIP II is a fund managed by Macquarie Infrastructure and Real Assets (MIRA) and has been the sole owner of Broadrock since 2010.
EDL Chief Executive Officer James Harman said the acquisition of Broadrock expands the footprint of EDL’s North American business, where the company has operated since 1998. With the acquisition of Granger’s LFGTE asset portfolio in 2017, and now Broadrock, EDL owns and operates 30 power stations in the United States and Canada.
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“I am pleased to welcome the Broadrock team into the EDL family,” Mr Harman said.
“EDL plans to leverage our operational expertise in waste-to-energy and continue Broadrock’s role as a reliable energy supplier to its customers and communities.”
CEO of MIP II Karl Kuchel said, “I would like to thank the entire Broadrock team that has built the business into a high quality renewables platform. We are proud of our achievements and look forward to seeing Broadrock continue its success under EDL’s ownership.”
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