Greenwood-Led Group to Build Massive Solar Farm in Canada

• Greenwood Sustainable Infrastructure, in partnership with Saturn Power Inc and Ocean Man First Nation, will build a 100-MW solar farm in Saskatchewan, Canada, marking the beginning of a series of solar projects in the region.

Greenwood Sustainable Infrastructure, a clean energy business of Libra Group, will lead a partnership to build a 100-MW solar farm in Saskatchewan, Canada. The project, awarded to Iyuhana Solar, a partnership between Greenwood, Saturn Power Inc, and Canadian Indigenous peoples Ocean Man First Nation, will be one of the 10 largest solar sites in the country. The solar farm, estimated to cost CAD 200 million, will produce enough electricity to power about 25,000 homes. The output will be supplied to SaskPower under a 25-year power purchase agreement, making it Canada's largest solar utility offtake deal since 2015.

This project is the first of many planned solar projects in Saskatchewan, as SaskPower aims to support the construction of about 3,000 MW of new renewable power capacities in the region by 2035. Greenwood specializes in distributed generation and utility-scale solar energy and battery storage projects and acquired Saturn Power's solar and battery development portfolios last year.

What is the significance of Greenwood Sustainable Infrastructure's partnership in building a 100-MW solar farm in Saskatchewan?

The partnership between Greenwood Sustainable Infrastructure and Iyuhana Solar in building a 100-MW solar farm in Saskatchewan is significant for several reasons:

• The solar farm will be one of the 10 largest solar sites in Canada, highlighting the growing importance of solar energy in the country's renewable energy landscape.
• The project is estimated to cost CAD 200 million, indicating a significant investment in renewable energy infrastructure in Saskatchewan.
• The solar farm will produce enough electricity to power about 25,000 homes, contributing to the region's energy needs and reducing reliance on fossil fuels.
• The 25-year power purchase agreement with SaskPower makes it Canada's largest solar utility offtake deal since 2015, demonstrating the commitment of both the government and the private sector to renewable energy development.
• This project is the first of many planned solar projects in Saskatchewan, aligning with SaskPower's goal of supporting the construction of about 3,000 MW of new renewable power capacities in the region by 2035.
• Greenwood Sustainable Infrastructure specializes in distributed generation and utility-scale solar energy and battery storage projects, indicating their expertise and experience in the renewable energy sector.
• The acquisition of Saturn Power's solar and battery development portfolios by Greenwood further strengthens their capabilities in developing and implementing renewable energy projects.
• The partnership with Canadian Indigenous peoples Ocean Man First Nation highlights the importance of collaboration and inclusion in renewable energy development, ensuring that local communities benefit from the project.
• The construction of the solar farm will create job opportunities and stimulate economic growth in the region, contributing to the overall development of Saskatchewan's renewable energy sector.
• The project will also contribute to reducing greenhouse gas emissions, helping Canada achieve its climate change goals and transition to a more sustainable energy future.