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Gibson Energy, Capstone Infrastructure and Sawridge First Nation announce Renewable Energy Power Purchase Agreement with Buffalo Atlee 2 and 4 Wind Farms, highlighted in the newly released Sustainability Update Report
Gibson Energy, Capstone Infrastructure and Sawridge First Nation announce Renewable Energy Power ...
About this update from Gibson Energy Inc.
[{"type":"text","content":"\n \n \n \n Gibson Energy, Capstone Infrastructure and Sawridge First Nation announce Renewable Energy Power Purchase Agreement with Buffalo Atlee 2 and 4 Wind Farms, highlighted in the newly released Sustainability Update Report\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 \n \n \n \n \n \n \n \n CALGARY, AB\n \n \n ,\n \n \n Sept. 14, 2023\n \n \n /CNW/ - Gibson Energy Inc. (\"Gibson\" or the \"Company\") (TSX: GEI) announced today it has entered into a 15-year renewable power purchase agreement (\"PPA\") with Capstone Infrastructure Corporation (TSX: CSE.PR.A) (\"Capstone\") and Sawridge First Nation's Buffalo Atlee 2 and 4 wind farms, further demonstrating its commitment to the low-carbon transition and achieving its emission reduction targets, including its Net Zero by 2050 goal.\n \n \n \"We're proud to partner with Capstone and Sawridge First Nation, as we look to advance our low-carbon transition commitment and play a collaborative role in the expansion of renewable energy in\n \n Alberta\n \n ,\" said\n \n Steven Spaulding\n \n , President and CEO. \"This agreement is a substantial milestone for Gibson and I'm proud of the work our teams put forward to ensure we do our part to positively impact the communities in the surrounding area and support the increasing demand for reliable, clean energy and ultimately, decarbonize the power grid.\"\n \n \n Pursuant to the PPA, Gibson will purchase power and environmental attributes from the Buffalo Atlee Phases 2 and 4 wind projects, located near\n \n Jenner, Alberta\n \n . With a combined nameplate capacity of 26 megawatts, the projects are expected to meet over 50% of Gibson's annual electricity needs offsetting approximately 300,000 tonnes of carbon emissions over the term of the agreement. This is a critical step towards achieving Gibson's 2025 target to reduce Scope 2 emissions by 50% and 2030 target to completely eliminate its Scope 2 footprint.\n \n \n The Buffalo Atlee projects are being built and operated by Capstone in partnership with the Sawridge First Nation, wh...