Guelph, Ontario, Canada, Aug. 08, 2022 (GLOBE NEWSWIRE) — On May 31, 2022, Skyline Clean Energy Fund acquired a biogas facility located in Lethbridge, Alberta through the purchase of 100% of the units in Lethbridge Biogas LP and the shares in Lethbridge Biogas General Partner Inc.
The Lethbridge facility is expected to convert 120,000 tonnes of organic waste into renewable natural gas annually. The facility generates revenue primarily through intake of organic waste and producing Renewable Natural Gas (RNG).
The asset operates under a 20-year RNG contract with FortisBC.
“The Skyline Clean Energy Fund team is thrilled to announce the acquisition of another biogas facility into our portfolio,” said Rob Stein, President, Skyline Energy.
“This asset is SCEF’s first outside of Ontario, as well as its largest acquisition to date and the first to earn income from RNG sales. SBE LP, along with Woolwich Bio-En Inc., which manages the Elmira, Ontario biogas facility, will be able to provide oversight and knowledge that will enable future synergies between the two biogas plants. We’re excited to add more clean energy facilities to the SCEF portfolio to complement our existing assets, with the goal of increasing value for SCEF investors.”
“The Canadian Biogas Association congratulates Skyline on their recent acquisition of Lethbridge Biogas,” said Jennifer Green, Executive Director, Canadian Biogas Association.
“As the Canadian biogas and…
