As part of the CFR Sale, Tidewater Renewables has agreed to sell a total of 25,000 CFR credits at C$100 per credit. This agreement adds previously unrecognized value for CFR credits and Tidewater Renewables will receive total proceeds of C$2.5 million over the term of this agreement. The Corporation’s current Run Rate EBITDA estimates for the Complex of $90 – 100 million exclude the impact of the outlined forward sale and any value for the ongoing sale of CFR credits once the program is implemented.
