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One Year Since CIM Group Formed Terreva Renewables Marked by Significant Growth and $417 Million New Investment in the RNG Platform


LOS ANGELES – August 30, 2023 – One year since CIM Group’s formation of its renewable natural gas (RNG) portfolio company Terreva Renewables, founded with the acquisition of 100% of the RNG development platform of MAS CanAm, LLC, CIM Group is building on Terreva’s recent successes, including several new RNG operations, and is announcing that it has raised $417 million from corporate and institutional investors to advance the growth of this RNG platform. In the past year Terreva has completed construction and is operating several RNG facilities and is growing the company by tapping into the ever-increasing demand for RNG as a vital contributor to decarbonization efforts across transportation, utility and industrial applications. CIM Group began investing in RNG in 2021 and formed Terreva in August 2022 to be a leading RNG platform in North America.

“Terreva is delivering on our expectations for the platform and, alongside our co-investors, we are expanding Terreva to meet the increasing interest from communities across the country seeking its expertise to develop and operate RNG facilities,” said Avi Shemesh, Co-Founder and Principal, CIM Group.

In January, Terreva completed its first RNG facility in Appleton, Wisconsin. Terreva has since commenced commercial operation on additional RNG facilities in Pennsylvania, Illinois, and Virginia. Each facility collects raw landfill methane gas and converts it into RNG to be used predominantly by large vehicle fleets running on compressed natural gas. During the first full year of operations of the four facilities, Terreva expects to provide the carbon reduction equivalent of removing approximately 21,600 cars from the road per annum or displacing the use of more than 11.2 million gallons of gasoline.

CIM Group has observed strong regulatory support for RNG in transportation on a federal and state level, and has also noted growing voluntary and regulatory demand from thermal end-users seeking to mitigate their carbon footprint. Terreva currently has long-term contracts in place with natural gas utilities and   is in discussions with a mix of high-quality transportation-related customers, investment-grade utilities, and other institutional offtakers.

CIM Group formed Terreva upon the acquisition of the RNG development platform of MAS CanAm, an affiliate of MAS Energy, which included a portfolio of five in-construction and two in-development projects. Terreva’s growth strategy includes both partnering with public and private landfill owners to develop new RNG facilities and selectively acquiring other RNG projects or portfolios. The experienced management team, which includes former MAS Energy executives who have a demonstrated track record in origination and execution, continues to lead this effort with a number of key hires completed in the last quarter.

About CIM Group

CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. Since 1994, CIM has sought to create value in projects and positively impact the lives of people in communities across the Americas by delivering more than $60 billion of essential real estate and infrastructure projects. CIM’s diverse team of experts applies its broad knowledge and disciplined approach through hands-on management of real assets from due diligence to operations through disposition. CIM strives to make a meaningful difference in the world by executing key environmental, social and governance (ESG) initiatives and enhancing each community in which it invests. For more information, visit

About Terreva Renewables

Terreva Renewables is an industry-leading developer, owner and operator of renewable natural gas projects managed by a subsidiary of CIM Group. Terreva was formed in September 2022 when CIM Group acquired the development platform of MAS CanAm, an affiliate of MAS Energy. Terreva’s RNG projects include four operating plants located in the United States, a facility under construction in British Columbia, and exclusive gas rights for two projects in North Carolina. For more information, visit

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Karen Diehl
Diehl Communications