A joint venture of UGI Corp. and Global Common Ventures LLC (GCV) plans to develop its fourth renewable natural gas (RNG) project at an Odessa, NY, dairy farm, UGI reported Tuesday.

Cayuga RNG, owned by co-venturers UGI Energy Services LLC (UGIES) and GCV, plans to construct manure digesters and gas upgrading equipment at Bergen Farms and Glenview Dairy in Schuyler County, UGI said.

“Renewables is a platform for growth at UGI and, with this investment, we have committed nearly $250 million to RNG projects across multiple states that will further expand our geographic footprint and earnings capability,” said UGI’s Robert F. Beard, executive vice president for natural gas.

Slated for completion in the second half of 2024, the upstate New York project would produce about...