SOLAR+STORAGE

ATCO Group to Build Western Canada's Largest Urban Solar Project in Calgary

ATCO Group | September 29, 2021

The ATCO Group, through its investment in Canadian Utilities Limited, today announced that it has acquired the rights to build two solar installations in Calgary aimed at providing clean, renewable energy to Alberta's power grid and supporting the transition to lower-carbon energy. Once completed, the Barlow and Deerfoot solar projects will be the largest solar installation in a major urban centre in Western Canada, at 27 and 37 megawatts respectively. This announcement follows ATCO's recent acquisition of a solar project near Empress in eastern Alberta and the completion of two solar projects in Canada's North. 

"The acquisition of three major solar projects shows how important we believe it is to provide customers with the opportunity to decarbonize their energy consumption. Whether it's the far North or an urban centre, ATCO is delivering on our strategy to help communities accelerate their transition to clean energy in a safe, affordable and reliable manner. These solar projects are also prime examples of the kinds of opportunities we'll continue to pursue as we grow our renewables portfolio moving forward."

Bob Myles, Executive Vice President, Corporate Development, ATCO

The installations' combined 175,000 bifacial solar panels, covering the equivalent of roughly 170 (Canadian) football fields, will generate enough renewable electricity to power more than 18,000 homes and offset 68,000 tonnes of carbon a year.

Through Canadian Utilities Limited, ATCO acquired the two Calgary solar projects from DP Energy, a privately held energy developer. Electricity from the projects will be sold into the Alberta power market, and ATCO is currently negotiating with potential customers to contract the facilities' output.

The Deerfoot project, near 114 Avenue and 52 Street SE, is completing the permitting phase. The Barlow project, near Barlow Trail and 114 Avenue SE, has received its major permits and project execution is underway. Construction for both projects is expected to occur during 2022, with commercial operations targeted for Q4 2022.

In addition to Empress, the Deerfoot and Barlow projects are part of ATCO Group's growing renewable portfolio in Canada, Mexico, Chile and Australia, and leverage our solar expertise from recently completed projects such as Fort Chipewyan, Alberta, and Old Crow, Yukon.

ATCO's Commitment to Sustainability
For ATCO, sustainability is more than an aspiration; it is interwoven into our strategy, our day-to-day operations, the products and services we provide, and the fabric of our people. It manifests across our family of companies in countless ways, both in how we conduct our day-to-day activities and in the contributions we make to society through both our operations and the community spirit of our people. Our enduring and holistic commitment is clearly reflected in our efforts to cost-effectively and reliably accelerate the energy transition; enhance our environmental performance and reduce our greenhouse gas emissions; champion the safety, inclusivity, and equity of our people, communities, and customers; foster Indigenous and community partnerships based on trust, equity and mutual respect; and ensure uninterrupted, resilient, and reliable access to essential products and services—anytime, anywhere.

Spotlight

An energy system is, in some ways, like a neighborhood. Utilities and other distribution grid operators, DER operators, and end users all affect each other, directly and indirectly. Their differing agendas are, in many ways, complementary.

Spotlight

An energy system is, in some ways, like a neighborhood. Utilities and other distribution grid operators, DER operators, and end users all affect each other, directly and indirectly. Their differing agendas are, in many ways, complementary.

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ENERGY

Taaleri SolarWind II fund invests in three wind farms in Lithuania with a combined capacity of 186 MW

Taaleri Energia | November 29, 2021

The Taaleri SolarWind II fund has together with an investment company, Atsinaujinančios Energetikos Investicijos, managed by Lords LB Asset Management, a leading investment management firm in the Baltics, acquired 100 percent ownership of the Anykščiai, Rokiškis, and Jonava wind farms from European Energy, a Danish renewable energy company. Lords LB is Taaleri Energia’s joint venture partner in the Baltics. The Anykščiai and Rokiškis wind farms are located in the counties of Utena and Panevėžys, around 100 km and 150 km north of the city of Vilnius respectively. The Jonava wind farm is located in the county of Kaunas, approximately 100 km northeast of the city of Vilnius. With a total of 34 General Electric 5.5 MW turbines, the wind farms will have a combined installed capacity of 186 MW and the combined annual production of electricity will be approximately 560 GWh. The wind farms will together produce enough electricity to supply around 270 000 households and will offset the equivalent of 170 000 tonnes of carbon dioxide during each year of operation. Construction works on the Anykščiai, Jonava and Rokiškis wind farms commenced in January, March and July 2021 respectively. All three wind farms are expected to be fully operational in 2022 with the Anykščiai wind farm reaching its commercial operations date by the end of the first quarter, the Jonava wind farm by the end of the second quarter and the Rokiškis wind farm by the end of the fourth quarter. The wind farms were developed by European Energy, who will also provide Construction Management services during the construction phase as well as Technical and Commercial Management services in the operational phase. General Electric will be responsible for maintaining the turbines under a 30-year contract. The three wind farms have entered into long-term power purchase agreements for a substantial proportion of the electricity generated with Axpo Nordic, which is part of the Axpo Group, the largest energy company in Switzerland. Long-term project financing for these investments has been provided by the Danish investment manager AIP Management on behalf of its investors. We are delighted with this deal, which brings the number of investments from the Taaleri SolarWind II fund to ten and represents its entry into a new market. Lithuania has excellent wind resources and a clear plan to increase the share of renewable energy in its power generation mix. Our joint venture with Lords LB paves the way for further investments in the Baltics and we look forward to continuing to build on this partnership.” Kai Rintala, Managing Director, Taaleri Energia “We are delighted to contribute to the region’s energy transition and security of supply by providing early-stage developers with the access to institutional capital. We believe that our joint venture with Taaleri Energia will be a significant driver for renewable energy capacity development in the region. Unlocking the renewable energy potential in the Baltics will lead to tremendous value creation for both the region and for our investors”, said Atsinaujinančios Energetikos investicijos’ Manager, Tomas Milašauskas. “We are excited to complete this investment in three onshore wind projects in Lithuania, which is an interesting new market for us with significant demand for renewable energy sources and also well-connected to the NordPool Nordic power market. We are delighted to partner with Lords LB and extend our partnership with Taaleri Energia. We are pleased to see Danish developer European Energy continuing to be play an important role in the projects”, said Kasper Hansen, Managing Partner of AIP. About the Taaleri SolarWind II fund The Taaleri SolarWind II fund invests in utility-scale wind and solar assets. The fund is investing in a diversified portfolio of ready-to-build assets in five key markets; the Nordics & Baltics, Poland, South East Europe, Iberia and Texas. It is estimated that the fund will finance approximately 850 MW of renewable energy capacity, which will offset over 1 million tonnes of CO2 annually throughout the 25-year lifetime of the assets. The fund’s investors include the European Investment Bank, Ilmarinen Mutual Pension Insurance Company, Varma Mutual Pension Insurance Company, the European Bank for Reconstruction and Development, Obligo Global Infrastuktur II Fund, the Finnish Church Pension Fund, the Nordic Environment Finance Corporation, the Taaleri Group, the Taaleri Energia team and a wide range of pension funds, foundations, endowments, and family offices. About Taaleri Energia Taaleri Energia is a renewable energy developer and fund manager. With 40 professionals, Taaleri Energia has one of the largest dedicated wind and solar investment teams in Europe. The team is currently investing its fifth renewable energy fund, the Taaleri SolarWind II fund, and has a 2.8 GW wind and solar portfolio in Europe, the US, and the Middle East. Taaleri Energia is ranked by Preqin as one of the most consistent top performing infrastructure fund managers. Taaleri Energia is part of the Taaleri Group, which is listed on the Nasdaq Helsinki stock exchange.

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SOLAR+STORAGE

Duke Energy Starts Construction on 50-megawatt Cleveland County, N.C., solar project

Duke Energy | February 25, 2021

Extending its huge clean-energy portfolio, Duke Energy has begun construction on the 50-MW Broad River Solar power plant in Cleveland County, N.C. The task will be possessed and worked by Duke Energy Renewables, a business auxiliary of Duke Energy. The undertaking was chosen as a component of the serious offering measure set up by 2017's milestone solar enactment in North Carolina. The power plant will contain in excess of 170,000 solar boards across around 500 sections of land close to Boiling Springs. The office resolution what could be compared to 12,500 homes. It is relied upon to arrive at business activity before the finish of 2021. "Solar power continues to play a big role in our aggressive pursuit to reduce carbon emissions and achieve our net-zero carbon goal for 2050," said Stephen De May, Duke Energy's North Carolina president. "We'll continue to deliver renewable energy by building and purchasing more carbon-free power for our customers." Under North Carolina's Competitive Procurement for Renewable Energy, proposed projects should be constructed where there is a requirement for energy limit on the Duke Energy framework in North Carolina or South Carolina. The offers can emerge out of any organization, including Duke Energy, and can be as power buy arrangements (PPA), utility self-created offices or utility resource acquisitions. "In addition to increasing the renewable energy resources in the state, the project will also deliver significant economic benefits to Cleveland County," said Chris Fallon, president of Duke Energy Renewables. During top construction, Broad River Solar will create around 120 positions. Alongside circuitous financial advantages that go with solar venture advancement, like expanded nearby spending in the help and construction businesses, Broad River Solar will likewise monetarily affect the neighborhood local area by giving neighborhood charge incomes to the province and nearby school regions, just as important installments to the partaking landowners. The office's plan, obtainment of inverters, equilibrium of plant frameworks and construction of the task will be performed by Swinerton. The solar power produced by Broad River Solar will be sold through a 20-year power buy arrangement. On account of the venture, the Duke Energy Foundation as of late granted a $5,000 award to the Cleveland County Schools Educational Foundation and Crest High School to add an environmentally friendly power and green construction abilities module into the school's labor force advancement educational plan. About Duke Energy Corporation Headquartered in Charlotte, N.C., Duke Energy is one of the largest energy holding companies in the United States. Its Electric Utilities and Infrastructure business unit serves approximately 7.5 million customers located in six states in the Southeast and Midwest. The company's Gas Utilities and Infrastructure business unit distributes natural gas to approximately 1.6 million customers in the Carolinas, Ohio, Kentucky and Tennessee. Its Commercial Renewables business unit operates a growing renewable energy portfolio across the United States.

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SOLAR+STORAGE

Ameresco and Wells Fargo Collaborate to Develop and Install Approximately 30 MW Solar Generation Assets in Seven States

Ameresco | February 03, 2021

Ameresco and Wells Fargo announced a collaboration to create and introduce around 30 MW of new, on location solar generation resources at corporate and retail stores in seven states. The almost 100 solar PV clusters are a mix of roof and ground-mount frameworks at Wells Fargo retail and regulatory areas in Arizona, California, Connecticut, Iowa, New Jersey, North Carolina and Texas. Development on the frameworks will start in April and go into 2022. Wells Fargo has been meeting 100% of its worldwide power prerequisites with sustainable power since 2017, at first through the acquisition of Renewable Energy Certificates (RECs). The present declaration is important for the association's endeavors to progress to long haul arrangements that help the improvement of net-new wellsprings of sustainable power in areas where its energy needs are the best. Notwithstanding helping Wells Fargo meet its ecological objectives, the system conveys local area benefits like occupation creation, charge income and network flexibility in areas where its clients and representatives reside and work. Wells Fargo appointed this unpredictable and imaginative undertaking, and Ameresco arose the favored partner because of its showed capacity to convey a wide extent of administrations across various task types, areas and administrative structures. The roughly 30 MW of on location solar to be built under the arrangement announced today runs in size from a 6-kW housetop exhibit on a branch in Connecticut to a 6.5-MW garage and roof framework at Wells Fargo's Chandler AZ grounds. Other bigger tasks incorporate a 5.5-MW blend housetop/ground-mount framework to serve a managerial property in San Antonio, Texas, and an almost 2-MW ground mount framework nearby a Wells Fargo grounds in Des Moines, Iowa, that will incorporate in excess of six sections of land of pollinator gardens, adding to the general manageability effect of the venture locally. “Wells Fargo aims to meet its energy goals in a way that curbs climate change,” said Nate Hurst, head of Social Impact and Sustainability for Wells Fargo. “We believe you can protect the planet and grow the economy at the same time. By significantly expanding our onsite solar generation, we are delivering impact at the local level and helping to accelerating a just transition to a low-carbon future.” Ameresco worked in association with environmentally friendly power warning firm, CustomerFirst Renewables, likewise a merchant of Wells Fargo, to design and build up the solar energy frameworks. “We commend the initiative taken by Wells Fargo to lead by example in the various communities they serve across the country,” said Bob Georgeoff, VP of Ameresco. “We are proud of the partnership with Wells Fargo to date and look forward to exploring future opportunities that will further their position as a corporate leader in the area of environmental sustainability.”

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