ReGenEarth, a sustainable renewable energy and circular economy company founded by Stephen Lansdown’s former PE vehicle Earth Capital, is launching a £100 million Green Bond Programme in partnership with circular economy energy specialists RER. The bond programme aims to fund the deployment of innovative biochar generation technologies in existing anaerobic digestion (AD) and biomass plants, with a focus on feedstock and provenance tracking to maximize pricing in the voluntary carbon credit markets.
The company will be hosting an Investor Day at the Institute of Engineering & Technology in London on Tuesday, June 10, at 6pm to officially launch the bond. The event will feature partners BeZero and Onnu, as well as research partner Brunel University’s Chemical Engineering Department. In addition to introducing the Green Bond, the event will also cover topics such as carbon credits, carbon capture, and Brunel’s SeaCure CO2 capture project.
The issuance of the Green Bond provides an attractive opportunity for investors interested in sustainability and the circular economy, as it offers diversification from the saturated solar and wind project market, which has seen a decrease in yields due to increased competition.
ReGenEarth’s use of biochar, a form of organic carbon produced through pyrolysis, promotes resource efficiency and environmental sustainability by converting organic waste into renewable energy and valuable products. This contributes to a greener economy, reduces waste, and sequesters carbon in the UK.
The Bonds will be issued by RER Capital PLC, a special purpose financing vehicle (SPV) created specifically for financing businesses in the circular economy and CleanTech sectors. The programme will adhere to the ICMA Green Bond Principles and the proceeds will be secured against hard assets, including existing AD sites. These funds will then be lent to a wholly-owned subsidiary of ReGenEarth on the deal’s issuance date. The three-year Bond will offer a coupon of 12.5% and is due in 2030.
Biochar, similar to charcoal but with additional valuable properties, has proven to be effective in soil regeneration, water retention, and carbon sequestration, which helps mitigate climate change by reducing greenhouse gas emissions. Its porous structure also enhances nutrient retention and water capacity in soil, making fertilizers more efficient. Additionally, biochar promotes beneficial soil microbes, improving ecosystem health and crop yields, a crucial factor in feeding a growing global population.
ReGenEarth is collaborating with several leaders in the biochar industry, including Onnu, a partner in developing biochar solutions from its engineering stable. Together, they are pioneering innovative solutions that harness the power of biomass to generate cleaner, more sustainable energy.
Mickey Rooney, CEO of ReGenEarth, expressed excitement about the company’s mission, stating, “We’re turning waste into climate wealth, and pyrolysis has never been this cool. With 12.5% returns, locking carbon away for centuries, and providing fertile ground for crop, climate, and cash generation, the question you have to ask yourself is, why wouldn’t you want to be a part of it?”
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