EverGen (TSX.V: EVGN) (OTCQX: EVGIF), a leading Canadian renewable energy company and Canada’s renewable natural gas (“RNG”) infrastructure platform, appears to have a strong position to expedite growth as it remains committed to delivering on its ambitious goals for a more sustainable future. “EverGen Infrastructure has announced that its wholly owned subsidiary Fraser Valley Biogas Ltd. (‘FVB’) has signed a term sheet for a long-term RNG offtake agreement intended to replace the existing agreement as it approaches the end of the term. As a legal contract in which a buyer agrees to purchase a certain amount of the product at set price points, offtakes are an essential tool for producers to secure a predictable revenue stream for the project and improve access to funding,” explains a recent article. “The term sheet for the new deal, expected to cover the purchase of up to 190,000 gigajoules of RNG annually from FVB, is penned amid considerably stronger market pricing compared to when the facility initially started. This milestone supports full funding of EverGen’s Core RNG expansion project at FVB and marks an important step towards the company’s goal of 1,000,000 GJ of RNG per year from its core RNG expansion and development project portfolio.”
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About EverGen Infrastructure Corp.
EverGen, Canada’s RNG infrastructure platform, is combating climate change and helping communities contribute to a sustainable future. Headquartered on the West Coast of Canada, EverGen is an established independent renewable energy producer, which 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, visit the company’s website at www.EverGenInfra.com.
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