Media Coverage

USRG Closes Initial $ 80 Million to Fund Renewable Projects

Renewable Energy Today

October 11, 2005

Los Angles, CA-based US Renewables Group, LLC (USRG), a company organized to acquire, develop and operate renewable energy and clean fuel assets, recently announced an initial close of $ 80 million as part of its plan to raise a total of $ 250 million in financing.

"In an increasingly volatile energy market, USRG believes that owning and operating renewable energy assets is an excellent hedge against rising oil and natural gas prices," said USRG chief executive officer Jim McDermott. "USRG offers investors a method to obtain above-average current income and capital appreciation."

Founded in 2003 to invest in renewable energy operating assets, USRG focuses on stationary power generation (landfill methane, waste-to-gas, biomass and geothermal) and clean fuels (biodiesel, ethanol and coal-to-liquid).

Media Contacts:

Steven Gottlieb
ZENO Group
Tel: (877) 526-0450
steven.gottlieb@zenogroup.com