Canadian firm Skyline Clean Energy Fund acquired a biogas facility in Lethbridge, Alberta at the end of May 2022.
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," Skyline Energy President Rob Stein said in a statement.
The Lethbridge facility was acquired by purchasing all units in Lethbridge Biogas LP and shares in Lethbridge Biogas General Partner.
The facility is expected to convert 120,000 metric tons of organic waste into renewable natural gas each year. It has a 20-year RNG contract with FortisBC.
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The amount of RNG the facility produces is equivalent to over 78 million kWh, which is enough to provide electricity to 12,174 homes for a single year.
Together with SCEF’s biogas facility in Elmira, Ontario (purchased August 2021), SCEF is now responsible for facilities capable of receiving 240,000 tonnes of organic waste – equivalent to the annual food waste produced by more than 566,000 Canadians.(3)
Skyline Clean Energy Fund now comprises 76 clean energy assets: 74 solar assets totaling 38.356 MW/DC(4) and two biogas facilities totaling 184,000 tonnes in annual Organic Waste Capacity
Renewable natural gas can be created from numerous waste streams, including landfill gas, animal products, agricultural waste and food. While the RNG can produce emissions, it is considered far less than what would emit from the waste streams over time, according to reports.
