OptimaBioEnergy, LLC

Mark Maloney, Founder, Optima BioEnergy, LLC
Gus Simmons, Jr., PE, Partner in Optima KV Project

Project Type
USDA REAP
Ground up construction to permanent debt
Problem

Being an innovator and trailblazer has its challenges. Attractive debt financing can be challenging to obtain for energy developers with new technologies and complicated projects. Bioenergy developers need a lending partner that understands their industry and has the vision to see the future value in waste to energy assets. Optima BioEnergy struggled to find a lender that offered attractive terms for their project.

veterinary practice construction
Optima BioEnergy
Solution

We were able to offer Optima BioEnergy attractive terms on the OptimaKV project. This included a long-term amortization and a fixed interest rate that allowed robust and consistent project returns. We are proud to announce that the Optima KV swine waste to Renewable Natural Gas project in Kenansville, NC received the 2018 Project of the Year Award presented by the American Biogas Council. This project deserves to be recognized for its creativity and resource efficiency, as well as the fact that it is spearheading the large-scale commercial deployment of RNG projects across North Carolina and the greater U.S. With some of the most competitive terms and flexible underwriting, we are well positioned to meet the needs of bioenergy developers and look forward to working on many more projects like this.

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