- EverGen boasts long term contracted offtakes with key energy providers such as FortisBC
- Offtakes mean that company has buyers lined up before production begins; these agreements are key in securing relatively stable and predictable cash flows
- 20-year offtake agreement with utilities like FortisBC enhances certainty for EverGen’s business and allows it to build new production capacities to convert more organic waste into RNG
Although a young company, EverGen Infrastructure (TSX.V: EVGN) (OTCQB: EVGIF) appears poised to establish itself as one of the leaders in the renewable natural gas space (“RNG”) – especially in its home Canada. As a developer, owner and operator of projects that take organic waste and convert it into renewable natural gas, EverGen is operating in the burgeoning market as a number of Canadian utilities seek green energy alternatives. Hitting ambitious climate targets means that these companies increasingly seek to secure a steady stream of green energy supplies. Here, renewable gas offers an effective solution that doesn’t cause significant disruption to consumers, either financially or operationally. As a result, the demand for RNG is expected to remain strong. EverGen’s business model is designed to leverage market opportunities like these through offtakes, or long-term partnerships with energy providers that increasingly seek new ways to achieve ambitious green targets.
Offtake agreements are essential as they establish a contractual framework for a long-term business arrangement between the selling and buying company (offtaker) to purchase all or a substantial part of a project’s output. This type of agreement is built to be a win for all parties involved. For sellers, they often provide documentary evidence validating the project’s…
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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