- Annual supply of 79.9 gigawatt-hours (GWh) of renewable energy
for Lafarge's Exshaw cement plant
- Located near the Alberta-Saskatchewan border, ATCO’s 38.5 MW
Empress Solar project scheduled to begin commercial operations in
October 2023
Lafarge Canada Inc., an industry leader in sustainable building
solutions, and ATCO Ltd., through its investment in Canadian
Utilities Limited, today announced that they have entered into a
12.5-year virtual power purchase agreement (VPPA). Under this
agreement, Lafarge’s Exshaw cement plant will receive one hundred
percent of the solar energy produced by the 38.5-megawatt Empress
Solar project, meeting 34 per cent of the plant’s power
requirements through 2036.
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the full release here:
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"We’re continually assessing ways we can reduce our
environmental impact while actively pursuing sustainable solutions
within our operations,” said Brad Kohl, president and CEO of
Lafarge Canada (West). “Our collaboration with ATCO underscores our
commitment to adopting renewable energy at our plants and sites,
which is key to reducing our reliance on fossil fuels."
Lafarge's continued expansion into renewable energy in Alberta
aligns with the company's broader strategy, Accelerating Green
Growth while emphasizing its ongoing investments to lower the
carbon footprint of its operations and scope 2 emissions. Notably,
Lafarge's Exshaw cement plant has now committed to power purchase
agreements for both wind and solar energy, setting an industry
precedent.
“This agreement represents the strides we are making to support
our customers in meeting their clean energy goals,” said Bob Myles,
Chief Operating Officer, ATCO EnPower. “We are proud to be at the
forefront of the energy transition, and in a position to provide
solutions to customers like Lafarge in reducing their carbon
emissions.”
Under the agreement, Lafarge will offtake 100 per cent of the
power generated from the Empress Solar project, which is scheduled
to commence commercial operations in October 2023, marking a step
towards a greener, more sustainable energy landscape in Alberta.
The Empress Solar project is expected to generate enough renewable
energy to offset approximately 43,000 tonnes of carbon per year.
Once operational, the facility will further drive ATCO´s commitment
to meeting ATCO’s 2030 ESG target of owning, developing, or
managing over 1,000 MW of renewable energy.
About Canadian Utilities
Canadian Utilities Limited and its subsidiary and affiliate
companies have approximately 8,000 employees and assets of $23
billion. Canadian Utilities, an ATCO company, is a diversified
global energy infrastructure corporation delivering essential
services and innovative business solutions in Utilities
(electricity and natural gas transmission and distribution, and
international operations); Energy Infrastructure (energy storage,
energy generation, industrial water solutions, and clean fuels);
and Retail Energy (electricity and natural gas retail sales, and
whole-home solutions). More information can be found at
www.canadianutilities.com.
About Lafarge Canada Inc.
Lafarge Canada is a subsidiary of Holcim, a global leader in
innovative and sustainable building solutions. Driven by its
purpose to build progress for people and the planet, its 60,000
employees are on a mission to decarbonize building, while improving
living standards for all. The company empowers its customers across
all regions to build better with less, with its broad range of
low-carbon and circular solutions, from ECOPact to ECOPlanet. With
its innovative systems, from Elevate’s roofing to PRB’s insulation,
Holcim makes buildings more sustainable in use, driving energy
efficiency and green retrofitting. With sustainability at the core
of its strategy, Holcim is becoming a net-zero company with 1.5°C
targets validated by SBTi. www.lafarge.ca
Forward-Looking Information Advisory
Certain statements contained in this news release constitute
forward-looking information. In particular, forward-looking
information in this news release includes references to:
anticipated benefits to be generated by the Empress solar project
and the virtual power purchase agreement relating thereto; the
anticipated timing of commercial operation of the Empress solar
project; Lafarge’s continued expansion into renewable energy in
Alberta and the alignment with its strategy, Accelerating Green
Growth; ATCO’s commitment to being at the forefront of the energy
transition; the renewable energy generation output expected from
the Empress solar project and the resulting contribution to
Lafarge’s Exshaw cement plant power requirements through 2036 under
the agreement and anticipated greenhouse gas emission reductions;
ATCO’s goal of owning, developing or managing more than 1,000 MW of
renewable energy and achieving its 2023 ESG targets.
While it is believed that the expectations reflected in the
forward-looking information are reasonable based on the information
available on the date such statements are being made and processes
used to prepare the information, such statements are not guarantees
of future performance and no assurance can be given that these
expectations will prove to be correct. Forward-looking information
should not be unduly relied upon. By their nature these statements
involve a variety of assumptions, known and unknown risks and
uncertainties, and other factors, which may cause actual results,
levels of activity, and achievements to differ materially from
those anticipated in such forward-looking information. The
forward-looking information reflects beliefs and assumptions with
respect to, among other things: the development and performance of
technology and technological innovations; collaboration with
business partners, regulatory and environmental groups; the
performance of assets and equipment; and the ability to meet
current project schedules.
Actual results could differ materially from those anticipated in
the forward-looking information as a result of, among other things:
risks inherent in the performance of assets; applicable laws,
regulations and government policies; regulatory decisions;
prevailing market and economic conditions; credit risk; the
availability and cost of labour, materials, services, and
infrastructure; the development and execution of projects; prices
of electricity, natural gas, natural gas liquids, and renewable
energy; the development and performance of technology and new
energy efficient products, services, and programs including but not
limited to the use of zero-emission and renewable fuels, carbon
capture, and storage, electrification of equipment powered by
zero-emission energy sources and utilization and availability of
carbon offsets; the termination or breach of contracts by contract
counterparties; the occurrence of unexpected events such as fires,
severe weather conditions, explosions, blowouts, equipment
failures, transportation incidents, and other accidents or similar
events; and other risk factors, many of which are beyond control.
Due to the interdependencies and correlation of these factors, the
impact of any one material assumption or risk on a forward-looking
statement cannot be determined with certainty.
Readers are cautioned that the foregoing lists are not
exhaustive. For additional information about the principal risks
that ATCO faces, see “Business Risks and Risk Management” in ATCO’s
Management’s Discussion and Analysis for the year ended December
31, 2022.
Forward-looking information contained in this news release
represents expectations as of the date hereof, which may change
after such date. There is no intention or obligation to update or
revise any forward-looking information whether as a result of new
information, future events or otherwise, except as required by
applicable securities legislation.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20231005016465/en/
Lafarge Canada Inc. Kristen Marston Communications
and Marketing Manager, Western Canada kristen.marston@lafarge.com
ATCO Colin Jackson -- Investor & Analyst
Inquiries Senior Vice President, Finance, Treasury &
Sustainability Colin.Jackson@atco.com 403 808 2636 Kurt Kadatz
-- Media Inquiries Director, Corporate Communications
Kurt.Kadatz@atco.com 587 228 4571
Canadian Utilities (TSX:CU)
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