Canadian crew indicators 150MW Canada PV PPA

Jul 22, 2021 05:22 PM ET
  • Cenovus to acquire the output from a project in Alberta created by Cold Lake First Nations as well as Elemental Energy
Canadian crew indicators 150MW Canada PV PPA
Image: Unsplash/Gabriel

Cenovus Energy is to purchase electricity from a solar ranch in Canada created by a collaboration of Cold Lake First Nations (CLFN) and also Elemental Energy.

The project, in southerly Alberta, will certainly include 150MW of renewable resource to the province's electricity grid as soon as finished and is anticipated to begin producing electrical power in 2023.

Cenovus has actually authorized a 15-year power purchase agreement (PPA) for the complete outcome of the center, offering the offtake contract required for the construction of the project and also eventually helping the company mitigate its extent two exhausts.

Cenovus president as well as chief executive Alex Pourbaix said: "Through this contract we're reinforcing our dedication to using multiple bars and also innovative techniques to aid us in our long-term aspiration of accomplishing internet absolutely no emissions by 2050.

" This is also an outstanding chance to further build on our long-lasting relationship with Cold Lake First Nations in its collaboration with Elemental."

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