News

With election season over, and a beautiful fall winding down, we’ve had many deals and developments to report since our last newsletter in July. A few highlights:

• Our Q3 deal tracker is live, including an additional 492 MW in capacity.
• Among the updates: the largest-ever wind deal in Alberta history.  

NEWS & UPDATES

Track all the Q3 deals — The BRC-Canada Q3 Deal Tracker is now live – tracking all publicly available corporate and institutional deals for Canadian renewable energy projects. This quarter includes deals by Cenovus, Dow Chemical, and both solar and wind deals by TC Energy. Cumulatively, these deals add 492 MW in capacity, more than all the contracted capacity gains in all of 2020!

RESOURCES

Online webinar videos — Find links to our most recent public webinars:

• Corporate Renewables 101 — with guest Sara Hastings-Simon
• The “Social” in ESG — with guests Calvin Waquan, Rob Macintosh and Julia-Maria Becker

UPCOMING EVENTS

Nov. 18 (11:00 am MT) — Bi-Monthly Buyers’ Call (Members)
Insights and discussion for buyers, including an opportunity to learn from each other. Guests for this session: Geoff Pegg, Head of Sustainability + Environment, TELUS and Lexie Cegelski, Senior Director, Strategic Sourcing, Anheuser-Busch. Register here.

Click here for this year’s full calendar and more details.

WELCOME NEW MEMBERS

Westbridge Energy Corp. — A Canadian renewable energy company focused on originating and developing utility-scale solar PV projects with onsite storage, including Georgetown Solar, a 230 MW project in Vulcan County, Alberta.

Pattern Canada — One of Canada’s largest operators of wind power, with more than 1,800 MW of installed capacity, including the largest First Nation wind project in the country, the Henvey Inlet Wind project in Parry Sound district, Ontario, a joint venture with Henvey Inlet First Nation.
 
Purpose Building — An employee-owned Canadian real estate company with a focus on healthy, circular, low-carbon development projects – the company recently developed a plan to transition all Toronto’s city-owned building portfolio to zero carbon.
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MARKET NEWS

BRC member Elemental Energy, in partnership with Cold Lake First Nations, has signed a new 150 MW vPPA with Cenovus. The 15-year deal will cover the full offtake of a new solar energy project in southern Alberta, which is expected to begin producing electricity in 2023. Cenovus has designated this PPA to help mitigate its scope 2 emissions.
 
Elemental Energy has also signed a deal with TC Energy, a 20 MW vPPA for Elemental’s East Strathmore Solar Project. The 26MW project is located on Least Conflict Lands within Wheatland County east of Calgary. This is land designated as an area of low ecology, agricultural, cultural or scenic value.
 
As part of Q3 activity, EDP Renewables has signed a long-term agreement with TC Energy for the largest-ever wind-power deal in Alberta history. The 15-year agreement will cover 100% of the development of EDP’s Sharp Hills Wind Farm, which is expected to generate 297 MW. The project, located near the hamlet of Sedalia northeast of Calgary, is expected to be operational in 2023.
 
Capital Power has announced a long-term renewable PPA with Dow Chemical Canada for 25 MW of capacity from the Whitla Wind 2 project currently under construction in southeastern Alberta. The deal, the first in Canada for a company associated with the chemical industry, will extend over 15 years. Whitla, which will be Alberta’s largest wind facility, is expected to be producing and online by the end of this year.
 
The City of Edmonton has posted two RFQs - one project for 260,000-270,000 MWh/year of wind and another for 60,000-70,000 MWh/year of solar, listed in separate competitions and which will be based on the lowest strike price. Projects can be larger than the amount contracted, and the City of Edmonton will purchase the proportional share of RECs. RFQ is due Jan 7, and the RFP will be released on Feb 7. Wind RFQ | Solar RFQ

JOIN BRC-CANADA

BRC-Canada is a community where businesses can learn how to source renewable energy directly from developers. The community has over 45 members — and growing. BRC-Canada makes it easier for corporations to enter the renewable energy market by raising awareness and understanding about the procurement process and sharing lessons from active players. Our tools, resources and guidance help first-time buyers up the learning curve so that they successfully complete their deals faster, easier, and more cost effectively.

Find out more about BRC-Canada membership and getting access to exclusive member resources, including primers and guides, networking and training opportunities and ongoing market intelligence. To find out more, fill out our online form or email info@businessrenewables.ca.