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Lafarge Canada Inc. and ATCO Announce 12.5-Year Solar Virtual Power Purchase Agreement
Lafarge Canada Inc. and ATCO Announce 12.5-Year Solar Virtual Power Purchase Agreement ...
About this update from Canadian Utilities Limited Class A
[{"type":"text","content":"\n \n \n \n Lafarge Canada Inc. and ATCO Announce 12.5-Year Solar Virtual Power Purchase Agreement\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n Annual supply of 79.9 gigawatt-hours (GWh) of renewable energy for Lafarge's\n \n Exshaw\n \n cement plant\n \n \n Located near the\n \n Alberta\n \n -\n \n Saskatchewan\n \n border, ATCO's 38.5 MW Empress Solar project scheduled to begin commercial operations in\n \n October 2023\n \n \n \n \n \n \n CALGARY, AB\n \n \n ,\n \n \n Oct. 5, 2023\n \n \n /CNW/ - Canadian Utilities Limited (TSX: CU, CU.X)\n \n \n \n \n \n \n \n \n \n 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\n \n Exshaw\n \n 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.\n \n \n \"We're continually assessing ways we can reduce our environmental impact while actively pursuing sustainable solutions within our operations,\" said\n \n Brad Kohl\n \n , 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.\"\n \n \n Lafarge's continued expansion into renewable energy in\n \n Alberta\n \n 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\n \n Exshaw\n \n cement plant has now committed to power purchase agreements for both wind and solar energy, setting an industry precedent.\n \n \n \"This agreement represents the strides we are making to support our customers in meeting their clean energy goals,\" said\n \n Bob Myles\n \n , Chief Operating Officer, ATCO EnPower...