Skyline Clean Energy Fund Acquires Biogas Facility in Canada

Skyline Clean Energy Fund (SCEF), an Ontario-based investment fund firm for renewable and clean energy production, has purchased a Lethbridge-based biogas factory. Skyline Clean Energy Fund has purchased all the shares in Lethbridge Biogas General Partner Inc. and the units in Lethbridge Biogas LP.

120,000 tonnes of organic waste can be converted into renewable natural gas at the Lethbridge project. The facility’s main sources of income are the production of Renewable Natural Gas and the ingestion of organic waste (RNG). FortisBC has a 20-year RNG contract that governs the operation of the asset.

According to Rob Stein, President of Skyline Energy, “The Skyline Clean Energy Fund team is happy to announce the addition of another biogas facility into our portfolio. This facility is SCEF’s first acquisition outside of Ontario, as well as its largest to date and the first to generate revenue through RNG sales. SBE LP (Skyline Clean Energy Fund has an ownership stake of 80% in SBE LP, which boasts of a biogas facility with an organic waste processing capacity) will be able to provide oversight and information that will enable future synergies between the two biogas facilities, together with Woolwich Bio-En Inc., which is responsible for managing the Elmira, Ontario biogas facility. To boost value for SCEF investors, we are eager to add further clean energy facilities to the SCEF portfolio to complement our current assets. Jennifer Green, the executive director of the Canadian Biogas Association, congratulated Skyline on their recent purchase of Lethbridge Biogas.”

The success of running biogas and RNG plants will be crucial in proving the enormous value delivered to Canadians in terms of pollution reductions, renewable energy production, and economic opportunities as the biogas and RNG sector in Canada expands.

In the first year, the Lethbridge facility is anticipated to process 120,000 tonnes of organic waste, yielding 280,000 GJ(1) of RNG. In addition to the biogas plant in Elmira, Ontario, that SCEF acquired in August 2021, the organization is now in charge of facilities that can accommodate 240,000 tonnes of organic waste.