EverGen Announces Long-Term Biomethane Offtake with FortisBC Energy
EverGen Infrastructure Corp. (TSXV: EVGN) (OTCQX: EVGIF) has formalized a 20-year biomethane purchase agreement with FortisBC Energy Inc., marking a significant milestone in Canada’s renewable natural gas (RNG) sector. The new agreement, which was previously announced and is now fully effective, positions EverGen as a key supplier of sustainable biomethane to FortisBC, helping to advance decarbonization goals across British Columbia and beyond.
The 20-year term underscores a long-term commitment to RNG capacity and grid integration, providing both stability and predictability for investment, development, and ongoing operations in EverGen’s renewable gas portfolio. While specific commercial terms were not disclosed in public filings, the arrangement aligns with FortisBC’s strategy to expand its low-emission gas supply and supports EverGen’s pipeline of biogas projects and waste-to-energy facilities.
What this means for EverGen and the RNG Market
For EverGen, the agreement validates the company’s model of developing, owning, and operating renewable gas assets and then supplying the resulting biomethane to major energy buyers. The FortisBC deal enhances revenue visibility for EverGen’s biomethane facilities, bolstering cash flow and empowering further expansion across British Columbia’s clean energy landscape. Analysts and investors view such long-term offtake arrangements as a catalyst for scaling RNG production, improving project bankability, and accelerating the energy transition.
FortisBC Energy Inc. has positioned itself as a leading purchaser of renewable energy solutions within the province. By securing a steady supply of biomethane, FortisBC can diversify its energy mix while reducing carbon intensity in its gas portfolio. This alignment with renewable gas contributes to regulatory and policy objectives that encourage lower-emission fuels and sustainable infrastructure investments.
Impacts on Projects, Jobs, and Local Communities
The 20-year term supports ongoing operations at EverGen’s biogas facilities, translating to job stability during construction, commissioning, and ongoing maintenance. In addition, long-term offtake agreements typically stimulate ancillary projects—ranging from wastewater treatment upgrades to anaerobic digestion installations—that create local employment and stimulate regional economic activity.
From an environmental standpoint, a robust RNG market helps reduce greenhouse gas emissions by replacing fossil-based natural gas with cleaner biomethane. For communities near EverGen’s facilities, this partnership contributes to local air quality improvements and supports sustainable waste management practices. Stakeholders can expect continued transparency from EverGen as it progresses through permitting and expansion milestones associated with its RNG projects.
Industry Context and Future Outlook
Canada’s RNG sector has gained momentum as utilities and energy companies seek to diversify their fuel mix with low-carbon alternatives. The FortisBC-EverGen agreement exemplifies a broader trend toward long-term offtake commitments that de-risk capital-intensive RNG developments. As EverGen continues to deploy additional anaerobic digestion projects and biogas upgrading facilities, similar partnerships could emerge with other utilities and energy retailers, further accelerating RNG adoption.
Investors should monitor regulatory developments, permitting timelines, and project commissioning schedules, all of which influence the pace of biomethane production and market uptake. With a 20-year horizon in place, this agreement is a meaningful signal of confidence in EverGen’s ability to deliver scalable RNG capacity while supporting FortisBC’s clean energy objectives.
Conclusion
The effective 20-year biomethane offtake between EverGen and FortisBC Energy Inc. represents a strategic milestone for both companies and the broader RNG market. By ensuring a reliable supply of biomethane, the deal advances decarbonization goals, reinforces project economics, and affirms Canada’s commitment to a low-emission energy future.
