Power Sustainable Infrastructure Credit closes $45M senior secured financing for Novilla RNG dairy renewable natural gas platform
Type: Financing · Technology: Gas · Country: United States · Value: $45M · Announced: 2026-06-30
Power Sustainable Infrastructure Credit closed a $45 million senior secured financing for Novilla RNG. The funds will be used to construct two greenfield dairy RNG projects in South Dakota. Novilla RNG captures methane from dairy farms and converts it into pipeline-quality renewable natural gas for transportation and utility markets. The financing underscores PSIC’s strategy to back infrastructure assets that improve resource efficiency and support the energy transition. With five operating projects as of June 2026, Novilla’s platform expands its development pipeline under the sponsorship of ERA Partners. The senior secured loan adds to PSIC’s portfolio of ten North American investments, bringing total capital aligned with the strategy to over $1 billion.
Counterparties
- Novilla RNG (Borrower)
- Power Sustainable Infrastructure Credit (Lender)