Skyline Clean Energy Fund Buys Lethbridge Biogas Plant; Now One of Canada’s Largest Biogas Providers
08 August 2022 - 5:25PM
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 RNG market grows, the success of
operating biogas and RNG facilities will be instrumental in
demonstrating the great value that is provided to Canadians in
emission reductions, clean energy production, and economic
opportunity.”
The Lethbridge facility is expected to process 120,000 tonnes of
organic waste in the first year, producing 280,000 GJ(1) of
RNG.
This is equivalent to more than 78 million kilowatt-hours –
which would provide electricity to 12,174 homes for one
year.(2)
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.(5)
(1) Gigajoule (GJ) is a metric energy measurement used for
Renewable Natural Gas (RNG). One GJ of natural gas has the same
amount of energy as 27 litres of fuel oil, 39 litres of propane, 26
litres of gasoline or 277 kilowatt hours of electricity. Source:
https://www.nrcan.gc.ca/energy/energy-sources-distribution/natural-gas/natural-gas-primer/5641
(2) The number of homes powered was determined by dividing the
total amount of energy (kWh) produced at the Lethbridge facility by
the energy intensity per Alberta household in kWh, which was
derived from the total electricity consumption divided by the total
number of Alberta households. Source:
https://oee.nrcan.gc.ca/corporate/statistics/neud/dpa/menus/trends/comprehensive_tables/list.cfm
(3) Annual food waste equivalency was derived by dividing total
Canadian waste diverted and disposed of by total biogas facility
capacity. Total Canadian waste is calculated by adding waste
diverted from residential sources and waste disposed of residential
sources then converting it from kg to tonnes. Source:
https://www.canada.ca/en/environment-climate-change/services/environmental-indicators/solid-waste-diversion-disposal.html#DSM
(4) MW/DC: Megawatt of direct current energy; a unit measurement
of the output of power.
(5) Skyline Clean Energy Fund’s total MW/DC (solar) and annual
Organic Waste Capacity (biogas) figures are expressed in accordance
with the Fund’s percentage ownership of the assets.
*”One of Canada’s largest biogas providers” based on annual
waste processing capacity of 240,000 tonnes between Skyline Clean
Energy Fund’s Elmira and Lethbridge facilities.
- Skyline Clean Energy Fund's Biogas Facility Acquisition in
Lethbridge, AB
Jeff Stirling, Vice President, Corporate Marketing & Communications, Skyline Group of Companies
Skyline Group of Companies
5198260439
jstirling@skylinegrp.ca