Waga Energy secures CA$25 million loan to refinance three Canadian RNG plants

Jul 04, 2025

Waga Energy has secured a CA$25 million (approximately €16 million) project finance loan to refinance three of its operational sites in Québec, Canada.
The 19-year term loan was provided by Canadian financial institutions Equitable® and The Empire Life Insurance Company.

It will be used to refinance the WAGABOX® units currently in operation in Saint-Étienne-des-Grés, Chicoutimi and Cowansville. Together, these sites have a combined production capacity of 185 GWh (666 TJ) per year.

The funds will be used to repay construction-related debt and improve the company’s cash flow position, with the broader aim of supporting further RNG project development both within Canada and internationally.

This marks Waga Energy’s first refinancing transaction in Canada. The company currently operates seven RNG facilities across North America and has an additional 13 units under construction in Canada and the United States.

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Video: Agriculture Secretary Rollins Speaks at American Farm Bureau Federation Convention in Anaheim

One of the highlights at the 2026 American Farm Bureau Federation Convention in Anaheim, California, was an address by U.S. Secretary of Agriculture Brooke Rollins. During her remarks, she thanked America’s farmers and ranchers and said the Trump Administration is fully aware that food security is national security.

She also acknowledged the challenging times in Farm Country with low commodity prices and high input costs and said that’s why the President stepped in to help with the recent Bridge Assistance Program.

Montana Farm Bureau Federation Executive Vice President Scott Kulbeck says that Farm Bureau members are appreciative of the help and looks forward to working with the American Farm Bureau Federation and its presence in Washington, DC to keep farmers and ranchers in business.

Secretary Rollins said the Trump Administration is also committed to helping ranchers build back America’s cattle herd while also providing more high-quality U.S. beef at the meat case for consumers.

And she also announced more assistance for specialty crop producers who only received a fraction of the $12 billion Farmer Bridge Assistance (FBA).

It’s important to note that producers who qualify for Farmer Bridge Assistance can expect the Farm Service Agency to start issuing payments in late February. For more information, farmers and ranchers are encouraged to contact their local USDA Service Center.