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Viridi Energy has successfully closed a structured equity investment from HASI to advance its Marathon landfill gas-to-renewable natural gas project. This investment is the third collaboration between the two companies.

The Marathon facility is designed to convert landfill gas into renewable natural gas, aiming to generate enough energy to power about 5,800 homes annually and reduce carbon emissions by 18,400 tons each year. The funding from HASI will provide liquidity and accelerate capital for further development of Viridi's renewable energy projects sourced from various organic waste streams across North America. Financial advisory was provided by CRC, with Sidley Austin LLP and Kirkland & Ellis LLP serving as legal counsel.