Calgary, Alberta–(Newsfile Corp. – February 23, 2023) – Green Impact Partners (TSXV: GIP) (“GIP” or the “Company”) is pleased to announce the closing of the GreenGas Colorado Partnership and provide an update on its previously disclosed sale of a 50% equity interest in Future Energy Park and Iowa RNG to Amber Infrastructure Group (“Amber Infrastructure”).

Completed 50% sale GreenGas Colorado for $60 million

GIP’s sale of a 50% interest in GreenGas Colorado to Amber Infrastructure for $60 million closed today as expected.

50% sale of Future Energy Park and Iowa RNG for $485 million update

GIP continues to progress all final development permits, which have now cleared all notification periods, and is working collaboratively with government agencies to work through the administrative components. Following receipt of final permits and the close of project debt, which is expected in the next few months, with equity fully funded, GIP will receive approximately $340 million in 2023 to build Future Energy Park and Iowa RNG, with both projects slated to begin construction in 2023. The remaining $145 million of sale proceeds is payable when the projects commence commercial operations. Preliminary closing conditions have been satisfied prior to entering into the strategic partnership agreement.

Following the close of Future Energy Park and Iowa RNG, GIP expects to have approximately $70 million in available cash at the end of 2023 and anticipates developing five additional projects expected to start construction in 2023 and early 2024.

When commercial operations of Future Energy Park commence, combined with the other projects mentioned above, the Company is forecasting to have a run-rate EBITDA of approximately $225 million exiting 2025.

About Green Impact Partners

Green Impact Partners is focused on creating a more sustainable future and inclusive planet by developing clean energy. GIP acquires, develops, and builds RNG and clean bio-energy projects, with the intention of building, owning, and operating a portfolio of producing facilities, and participates in a wide range of zero-carbon opportunities during every stage of the project lifecycle – from idea generation through to operations. GIP has a growing portfolio of RNG and clean bio-energy projects under development, representing over $2 billion in capital expenditures over the next three years. In its pursuit of net zero earth impact, GIP is positioned to be a leading producer of decarbonizing energy in North America. GIP’s shares trade on the TSX Venture Exchange under the symbol GIP.V. For more information about GIP and its projects, visit

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Amber Infrastructure Group

Amber Infrastructure (‘Amber’) is an international infrastructure specialist, focused on investment origination, development, asset management and in Europe, fund management. Amber’s core business focuses on infrastructure assets across the public, transport, energy, digital and demographic infrastructure sectors that support the lives of people, homes and businesses internationally.

Amber is headquartered in London with offices in Europe, North America and Australia and employs approximately 170 infrastructure professionals. Amber has been in a strategic partnership with the Hunt Group of Companies (‘Hunt’) in the US since 2015. Learn more at

Cautionary Statements

This news release contains forward-looking statements and/or forward-looking information (collectively, “forward-looking statements”) within the meaning of applicable securities laws. When used in this news release, such words as “would”, “will”, “anticipates”, “expects”, “believes”, “explores” and similar expressions, as they relate to GIP, or its management, are intended to identify such forward-looking statements. Such forward-looking statements reflect the current views of GIP with respect to future events, and are subject to certain risks, uncertainties and assumptions.

Certain information and statements contained in this news release constitute forward-looking statements, including, but not limited to: the anticipated production and performance of the GreenGas Colorado facility, Future Energy Park and Iowa RNG; receipt of final permits; the close of project-level debt financing and the timing thereof; the draw and timing of cash to GIPs balance sheet; the Company’s ability to close a third party sale of investment tax credits and the anticipated proceeds from such sale and the timing thereof; approximate cash exiting 2023; the construction of new additional projects in 2023 and 2024 and their collective performances; and future run-rate EBITDA projections.

The forward-looking statements are based on certain assumptions that GIP has made in respect thereof as at the date of this news release regarding, among other things: that Amber will advance the purchase proceeds under the GreenGas transaction so that all of the transactions contemplated by this news release can come into effect; that all required regulatory approvals can be obtained or maintained on the necessary terms and in a timely manner, as applicable; that counterparties to the Company’s agreements and contracts will comply with the terms thereof in a timely manner; that there are no unforeseen events preventing the performance of contracts; and that there are no unforeseen material costs relating to the imminent first gas production at the GreenGas Colorado facility. Additionally, the potential investments by Amber in Future Energy Park and Iowa RNG are subject to conditions precedent, and satisfaction of those conditions is not assured.

Many factors could cause GIP’s actual results, performance or achievements to be materially different from any expected future results, performance or achievement that may be expressed or implied by such forward-looking statements. These forward-looking statements are subject to numerous risks and uncertainties, including but not limited to: the impact of general economic conditions in Canada and the United States, including the continued effects of the COVID-19 pandemic; industry conditions including changes in laws and regulations and/or adoption of new environmental laws and regulations and changes in how they are interpreted and enforced in Canada and the United States; volatility of prices for energy commodities; change in demand for clean energy to be offered by GIP; competition; lack of availability of qualified personnel; obtaining required approvals of regulatory authorities, in Canada and the United States; ability to access sufficient capital from internal and external sources; many of which are beyond the control of GIP; and certain other risks and uncertainties detailed in GIP’s Management’s Discussion and Analysis dated April 20, 2022 for the years ended December 31, 2021 and 2020 and from time to time in GIP’s public disclosure documents available under the Company’s profile on

The forward-looking statements contained in this news release are made as of the date of this release, and except as may be expressly required by law, GIP disclaims any intent, obligation or undertaking to publicly release any updates or revisions to any forward-looking statements contained herein whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws. The forward-looking statements contained in this news release are expressly qualified by this cautionary statement.

Management of GIP has included the above summary of assumptions and risks related to forward-looking statements provided in this news release in order to provide shareholders with a more complete perspective on GIP’s current and future operations and such information may not be appropriate for other purposes. GIP’s actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do, what benefits GIP will derive therefrom.

This news release shall not constitute an offer to sell or the solicitation of an offer to buy the securities in any jurisdiction.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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