Business
NU E Power Corp. Enters LOI to Sell 503.5 MW Alberta Solar & Storage Portfolio, Marking First Asset Monetization Milestone
Calgary, Alberta--(Newsfile Corp. - January 22, 2026) - NU E Power Corp. (CSE: NUE) (OTC Pink: NUEPF) ("NU E" or the "Company") today announced that it has entered into a Letter of Intent (LOI) with Green Harbor Partners Corp. ("Green Harbor") relating to the proposed acquisition and strategic development of the Lethbridge Two, Lethbridge Three, and Hanna Solar projects in Alberta, representing a combined 503.5 MWac of utility-scale solar generation with integrated battery energy storage systems
About this update from Nu E Power Corp.
[{"type":"text","content":"Calgary, Alberta--(Newsfile Corp. - January 22, 2026) - NU E Power Corp. (CSE: NUE) (OTC Pink: NUEPF) ("NU E" or the "Company") today announced that it has entered into a Letter of Intent (LOI) with Green Harbor Partners Corp. ("Green Harbor") relating to the proposed acquisition and strategic development of the Lethbridge Two, Lethbridge Three, and Hanna Solar projects in Alberta, representing a combined 503.5 MWac of utility-scale solar generation with integrated battery energy storage systems (BESS).","length":538,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Green Harbor Partners Corp. (Formerly known as Sprott Korea) is a Korean private equity investment firm;","length":104,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Green Harbor is a Korea-based renewable energy and infrastructure private equity firm managing and advising over 2.5 GW of global solar and wind assets; and","length":156,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"NUE will retain the option to maintain a royalty interest in the project","length":72,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":332,"olType":false},{"type":"text","content":"The LOI contemplates the acquisition of all equity interests in the Lethbridge Two, Lethbridge Three, and Hanna Solar projects, subject to customary development milestones, financing conditions, and regulatory approvals. Importantly, the structure is designed to allow NUE to retain a meaningful ongoing economic interest, including the potential for a long-term royalty or carry, aligning NUE with asset performance while enabling capital recycling.","length":450,"tagName":"p"},{"type":"text","content":"NUE's total invested capital to date in these projects totals approximately US$2.6M, or US$5,150 per MW. Under the terms of the LOI, NUE expects to realize US$50,000 - US$150,000 per MW under currently met LOI conditions. Maximum potential compensation under the terms at shovel-ready is US$395,000 - US$700,000 per MW.","length":323,"tagName":"p"},{"type":"text","content":"A Defining Milestone in NUE's Evolution as a Power Developer","length":64,"tagName":"p"},{"type":"text","content":"This transaction represents a defining milestone for NUE as it formally transitions into a power developer with its...