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How to buy shares in LGI Limited

This one is for ESG investors, with the company focused on helping Australian cities reach net zero emissions.

Name

Ticker

Listing

Issue Price

Capital Raised

LGI Limited

$LGI

05 October 2022

$1.50

$25m

Following a $25m capital raise, LGI Limited has finally hit the local bourse after a false start back in March.

The company initially declared its intentions to list back in Q1FY21, but it’s online now. LGI looks to solve gas emission issues throughout Australia (more specifically, landfill sites) while generating dispatchable, distributed and renewable electricity and creating Australian Carbon Credit Units, or ACCUs.

Potential investors were told there are an estimated 1,168 operational landfills in Australia, which take about 20.5 million tonnes of solid waste each year. So it’s a big growth opportunity for the company that currently has a portfolio of 26 projects across the eastern seaboard.

One of the latest projects is with Hawkesbury City Council in New South Wales, recently awarding LGI a long-term contract. The partnership with Hawkesbury goes back to 2015 and since then has reduced the council's CO2e emissions by 94,070 tonnes. That’s the equivalent to taking 1,245 cars off the road for a year.

Following the listing, LGI says its plan is to increase biogas revenue through additional ACCU projects and landfill biogas-to-power stations.

It will also expand on its existing projects while increasing its exposure to high quality gas sites and deploying a hybrid battery system to optimise the price it receives for electricity.

LGI Limited is available to trade on Stake under the ticker $LGI.


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