EverGen (TSX.V: EVGN) (OTCQB: EVGIF), Canada’s renewable natural gas (“RNG”) infrastructure platform, is featured in a recent NetworkNewsAudio (“NNA”) broadcast. The focus of the audio broadcast is the company’s recent decision to acquire a 50% interest in a portfolio of RNG development projects through a definitive agreement with Northeast Renewables LP. According to the announcement, EverGen will acquire a 50% interest in Project Radius, a late-development-stage portfolio of three high-quality, on-farm RNG projects located in southern Ontario. The company anticipates that the three projects are capable of producing an estimated 1.7 million GJ/year of RNG, which will contribute to the reduction of emissions from agricultural operations in southern Ontario. The acquisition agreement calls for EverGen to contribute $1.5 million in cash, which represents 50% of the initial development funding tranche of $3 million. EverGen will also work with Northeast on developing Project Radius to the notice-to-proceed (“NTP”) phase of development; the company also has a right of first offer to transition as exclusive operator of Project Radius at NTP. “The acquisition of Project Radius provides a foothold in Ontario — a new and strategic jurisdiction in which EverGen can continue to participate in the consolidation and growth of the RNG industry in the near-term, as well as benefit from project economics in line with or exceeding those we have seen with our initial projects,” said EverGen CEO Chase Edgelow in the press release. “Working alongside Northeast to advance the projects, EverGen will deliver on our platform expansion commitments with the potential to exceed 1,000,000 GJ of RNG production annually. Ontario has an abundant amount of excess organic feedstock, and as a leader in the RNG industry, EverGen can develop the sustainable infrastructure that contributes to carbon-negative energy production and the greening of the province.”
To hear the full broadcast, visit https://ibn.fm/CkkK7
To view the full press release, visit https://ibn.fm/tb0sk
About EverGen Infrastructure Corp.
EverGen, Canada’s renewable natural gas infrastructure platform, is combating climate change and helping communities contribute to a sustainable future. EverGen is an established independent renewable energy producer that acquires, develops, builds, owns and operates a portfolio of renewable natural gas, waste-to-energy and related infrastructure projects. EverGen is focused on Canada, with continued growth expected across other regions in North America and beyond. For more information about EverGen and its products, visit www.EverGenInfra.com.
NOTE TO INVESTORS: The latest news and updates relating to EVGIF are available in the company’s newsroom at https://ibn.fm/EVGIF
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