EverGen Infrastructure Acquires 67% Interest in GrowTEC (Grow the Energy Circle Ltd.)

July 14, 2022

EverGen Infrastructure Corp. completed the acquisition of a 67% interest in Grow the Energy Circle Ltd. ("GrowTEC"), a farm-scale biogas facility near Lethbridge, Alberta, for cash consideration and equity. The transaction brings an operating anaerobic digester into EverGen’s Renewable Natural Gas (RNG) platform as the project is upgraded to produce pipeline-quality RNG under an offtake agreement with FortisBC.

Buyers
EverGen Infrastructure Corp.
Targets
Grow the Energy Circle Ltd. (GrowTEC)
Industry
Energy
Location
Alberta, Canada
Transaction Type
Addon

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