Deal Tracker

Deal Tracker Q3 2023

Community Benefits Summary: As of September 30, 2023, 2.85 gigawatts (GW) of renewable energy have been purchased through power purchase agreements (PPAs), enabling a total of 3.61 GW of project capacity. This equates to 10,532 gigawatt-hours per year of energy provided, leading to:

  • the creation of 5,900 jobs,
  • $5.5 billion in capital investment, and
  • production of enough energy to power 1.5 million homes. 


  • West Fraser and Pattern Energy: U.S. renewable energy developer Pattern Energy has commenced the operations of its first project in Alberta, the Lanfine Wind power project and announced its entry into a 10-year PPA with West Fraser, an integrated wood product company. Through the deal, West Fraser will acquire half of the facility’s 150-megawatt (MW) capacity to reduce its scope 1 and 2 emissions by 46.2 per cent by 2030. The project, located in the Town of Oyen, had approximately 250 workers on-site during peak construction and has the capacity to power 30,000 homes in Alberta annually. 

  • Gibson Energy and Capstone Infrastructure: Gibson Energy Inc. has entered a 15-year PPA with Capstone Infrastructure and Sawridge First Nation. The agreement involves Buffalo Atlee 2 and 4, which combine for 26 MW of wind capacity. 

  • Cenovus Energy in vPPA at Forty Mile Wind Project: Cenovus Energy has emerged as the purchaser of 180 MW of the 280-MW Forty Mile Wind Project, a project developed by the RES group and recently acquired by ACCIONA Energía.


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Deal Tracker Table

Details on deals and projects, as well as other information on corporate renewable developments and trends in Canada, are exclusively available to participating organizations of BRC-Canada.

About the Deal Tracker

The primary goal of the Deal Tracker is increased public awareness of the initiatives corporate buyers are taking to procure renewable energy for their own targets and for emissions reduction obligations. Transactions in the Deal Tracker consist of renewable energy projects where a corporation or institutional buyer has announced or disclosed an agreement to support the growth of renewable energy in Canada.

Archive of Quarterly Updates

Scroll through our archive to see previous editions of the Deal Tracker and highlights from each quarter since 2021.

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Corporate Renewable Energy Deals in Canada by Buyer

Corporate Renewable Energy Deals in Canada by Buyer and Developer

These graphs provide a detailed look at who was involved in all the corporate renewable energy deals that qualified under our Deal Tracker criteria.