Atco Ltd. Class I · TSX:ACO.X

Atco Ltd. Class I — Corporate Update (May 2024)

40 slides from Atco Ltd. Class I's corporate update, May 9, 2024

  1. Slide 1: Hand Hills Wind and Solar (Hybrid) Project Information Session

    Hand Hills Wind and Solar (Hybrid) Project Information Session May 9, 2024 Delia Community Centre

  2. Slide 2: Hand Hills Wind and Solar

    Hand Hills Wind and Solar • ATCO Value Moment • ATCO EnPower • Project Rational • Project Overview • Project Schedule • Siting Criteria and Considerations • Environmental Field Surveys • Preliminary Site Layout • Typical Project Layout and Visualizations • Reclamation and Decommissioning • Community

  3. Slide 3: ATCO Value Moment: Early Engagement

    ATCO Value Moment Early Engagement • Transparency • Identify Needs Upfront • Set Expectations • Mutual Understanding • Benefits to all 3

  4. Slide 4: Creating Inspired Energy Solutions for a Sustainable World

    Creating Inspired Energy Solutions for a Sustainable World Renewable energy Developing and integrating renewable energy and storage solutions Cleaner Fuels Supporting the transition to a low-carbon energy system by enabling the switch to cleaner fuels. Energy storage Developing and modernizing our s

  5. Slide 5: Project Rational

    HAND HILL WIND AND SOLAR Project Rational Strong Wind and Solar Resource| Consistent wind patterns and solar irradiance. Desirable Siting Conditions| Plenty of suitable land for construction once all wildlife, environmental and land constraints are considered. Diversified Power Generation | Adding l

  6. Slide 6: Project Overview: Hand Hills Wind

    Project Overview Hand Hills Wind Starland County • 180 MW: Up to 30 turbines based on MW Special Areas 2 Capacity • Wind infrastructure: turbines, collector lines (underground), access roads, substation, operations building, possible future battery storage • Leases held on approximately 6,192 hectar

  7. Slide 7: Project Overview: Hand Hills Solar

    Starland County Special Areas 2 Project Overview Hand Hills Solar • 120 MW • Solar infrastructure: panels, racking/piles, inverter stations, collector lines (underground), Solar Area access roads, shared substation with wind • Leases held on approximately 442 ha / 1,092 acres (6 quarter sections) o

  8. Slide 8: Project Schedule

    Hand Hills Wind and Solar Project Schedule TODAY ACTIVITIES 2023 2024 2025 2026 2027 2028 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 AESO Stage 4 (AUC AESO Stage 0,1,2 Competed Application & AESO Stage 5 AESO Stage 6 AESO Interconnection AESO Stage 3 (Cluster Process) Approval

  9. Slide 9: Wind and Solar Development Siting Guidelines

    Wind and Solar Development Siting Guidelines Constraint (Avoid) Opportunity (Build)  Occupied residences and businesses ✓ Good wind and solar resource area – historical records  Native grassland, native parkland, forested, coulees showing steady wind and solar resource  Known active nests, dens,

  10. Slide 10: Working with the County: Special Areas Board No.2 Setbacks

    Working with the County Feature Setback (m) Public Road allowance and turbines 30.48 + 85* = 115.5 Special Areas Board No.2 Municipal road and collector lines 30.48 Land Use Order Setbacks WECS Municipal road intersections and access roads 91.44 Urban Areas 2,000 • Preliminary project layout was dev

  11. Slide 11: Working with the County: Starland County Setbacks

    Working with the County Starland County Feature Setback (m) Public Road and Turbines 220* Land Use By Law Setbacks Public Road and fences 7.5 Residences 1,000 • Preliminary project layout was developed based Communication tower 122.5 on setback distances in Land Use Bylaw 1125 High voltage transmiss

  12. Slide 12: Environmental Field Surveys

    Hand Hills Wind and Solar Survey Dates Raptor nest April 11 to 14, 2023 Environmental Field Surveys searches April 24 to 28, 2023 May 8 to 10, 2023 May 29 to June 2, 2023 Sharp-tailed grouse Round 1 - April 11 to 14, 2023 • Maskwa Environmental Consulting completed lek Round 2 - April 25, 26, and 28

  13. Slide 13: istiviteads

    aa & 7 <a istiviteads Figure AB (ooneopuenes)

  14. Slide 14: Hand Hills Hybrid Project (Solar) Wildlife Features

    ATCO [iPower Hand Hils Hybrid Project (Solar) Wildlife Features © Reds-tales Hawk Nest Location Red-tailed Havik Nest 100 m Setback Project Area Project Area 1,000 m Setback Temporary Footprint MASKWA. ENVIRONMENTAL ‘CONSULTING 0 400800 N LiL} 124,500 A

  15. Slide 15: Preliminary Site Layout with Buildable Areas

    ATCO [iPower Hand His Hybrid Project Preliminary Site Layout with Buildable Areas Solar Buldable Area Solar Project Area Wind Turbine Buildabie Area Wind Project Area 10808 Watercourse (Altalis) Administrative Boundary Hand Hills Eoolagical Reserve Important Bic Ares Hand Hills Lake 1,000 m Setback

  16. Slide 16: Wind Facility Components

    Wind Facility Components Photo from: VENTI JAPAN Inc. https://www.venti-japan.jp/en/windpoweren.html 16

  17. Slide 17: Typical Wind Turbine Area Layout: Construction Period

    Varies, Minimum 100 m Access Road 5 m Wide Typical Laydown Area 100 m x 100m Typical County Road Right of Way : i Lease Boundary - Typical e Existing County Road Turbine Foundation Excavation Extents ATC oO EnPower Road - During Construction Intersection Improvement (Temporary) Turbine Assembly Area

  18. Slide 18: Typical Wind Turbine Area Layout: Operational Period

    50 m Typical 30 m Typical Tum-around Area Outside Diameter 20 m Typical l County Road Right of Way Lease Boundary - Permanent Existing County Road Turbine Foundation Pedestal Road - Permanent Insulating Gravel ‘Access Road 5 m Wide Typical ATCO [iPower Typical Wind Turbine Area Layout Operational Pe

  19. Slide 19: New Access Roads

    Road Cross Section – Typical Detail New Access Roads • New permanent roads to wind turbines and substation • “Road at Grade” design • To minimize impact to agricultural activity • Road is blended with existing grades where feasible • Drainage designed to maintain natural drainage paths 19

  20. Slide 20: Collector Cables

    Hand Hills Wind Collector Cables • Topsoil stripped and stockpiled to avoid mixing with subsoil • Collector cables buried to depth according to Canadian electrical code • Imported sand surrounds cables • Final grade blended to existing • Topsoil replaced to pre-construction thickness • “Warning tape

  21. Slide 21: Reclaimed Collector Lines

    Cable Plow Reclaimed Collector Lines Collector line locations at ATCO Forty Mile Wind one season after construction Cable plow photo source Bron: https://www.bronrwf.com/ 21

  22. Slide 22: Solar Facility Components

    Solar Facility Components Inverter / Transformer Unit Installed on Piles Solar Array of Piles and Racking Solar Panels Installed on Racking and Piles 22

  23. Slide 23: What will the Project look like?

    What will the Project look like? 23

  24. Slide 24: What will the Project look like? KP01

    What will the Project look like? Current View Proposed View KP01 - Intersection of Range Road 162 and Township Road 292 Looking northwest towards turbines Closest turbine is 1.3 km away 24

  25. Slide 25: What will the Project look like? KP02

    What will the Project look like? Solar Array Current View Proposed View KP02 – East of intersection of Township Road 300 and Range Road 171 Looking southeast towards solar panels and wind turbines. Closest turbine is 1.7 km south of the viewpoint 25

  26. Slide 26: What will the Project look like? KP03

    What will the Project look like? Solar Array 1.5 km Current View Proposed View KP03 – Highway 851 Looking southeast towards wind turbines Closest turbine is 1. 5 km from viewpoint 26

  27. Slide 27: Reclamation and Decommissioning

    Hand Hills Wind and Solar Reclamation and Decommissioning • At the end of the serviceable life of the turbines (usually 30 to 35 years) the Project will be decommissioned or repowered following the requirements in the Government of Alberta’s Conservation and Reclamation Directive for Renewable Energ

  28. Slide 28: Reclamation and Decommissioning (cont'd)

    Hand Hills Wind and Solar Reclamation and Decommissioning (cont’d) • Buried infrastructure such as the collector lines will be deenergized and cut or capped off. • Buried infrastructure above 1.0 m depth removed while buried infrastructure below 1.0 m will remain in place permanently based on landow

  29. Slide 29: Decommissioning Costs – Paid by ATCO

    Craig Lake Wind Decommissioning Costs – Paid by ATCO • ATCO is liable for the costs of decommissioning and reclamation under the terms of the lease agreements with host wind and solar facility landowners • ATCO will engage a qualified third party with experience in renewable energy facility reclamat

  30. Slide 30: Community Benefits

    Hand Hills Wind and Solar Community Benefits • Power produced per year enough to power 115,000 homes and offset 360,000 tonnes of carbon dioxide • 300 to 500 temporary jobs during construction • Local services required for food, accommodations, other services • Estimated County tax revenues an avera

  31. Slide 31: Questions

    Questions 31

  32. Slide 32: Thank you

    Thank you ATCO.com/EnPower www.atco.com/handhills-hybrid Tel: 1.866.344.0178 Email: ATCORenewables@atco.com 5302 Forand Street SW Calgary, Alberta T3E 8B4 Canada

  33. Slide 33: Supplemental Slides

    Supplemental Information Supplemental Slides

  34. Slide 34: Organizational Structure

    ATCO Business overview ORGANIZATIONAL STRUCTURE STRUCTURES & LOGISTICS NELTUME PORTS ATCO CORPORATE BUSINESS UNIT Structures ATCO Land & Development Frontec ATCO ENERGY SYSTEMS CU CORPORATE Electricity Transmission ATCO Energy Electricity Distribution Int’l Electricity Operations Gas Transmission Ga

  35. Slide 35: ATCO Has Made a Public Commitment to Achieve Net-Zero Emissions by 2050

    ATCO BUSINESS OVERVIEW ATCO HAS MADE A PUBLIC COMMITMENT TO ACHIEVE NET-ZERO EMISSIONS BY 2050 ATCO will either emit zero GHGs from our operations or through our customers’ use of our products and services, or we will offset residual emissions. Supporting the energy diversification and reducing GHG

  36. Slide 36: Focus within the Attractive Alberta Renewables Market

    ATCO EnPower Focus within the Attractive Alberta Renewables Market Power Price – EDC Q2 ’23 Report ($/MWh) Favorable • Open and deregulated energy-only market $200 $150 Market • Market enables bilateral corporate VPPA; increases financeability $100 $50 Structure • Zero-congestion policy $0 2025 2028

  37. Slide 37: Why Renewable Generation?

    ATCO EnPower What Renewables Bring WHY RENEWABLE GENERATION? To The Market Broad Access To Clean We continue to grow our renewables portfolio, as this is critical to both our business Energy From Renewable strategy and sustainability commitments. Sources Wind and solar are well-suited to scalable de

  38. Slide 38: Recent Canadian Renewable Portfolio Acquisition

    ATCO EnPower RECENT CANADIAN RENEWABLE PORTFOLIO ACQUISITION • In January 2023, Canadian Utilities acquired 2 operating wind assets and a development pipeline of wind and solar projects. • The acquisition includes a majority interest in the 40 MW Adelaide wind facility in Ontario, the new 202 MW For

  39. Slide 39: Growing Renewables Portfolio

    EnPower Renewables Overview Growing Renewables Portfolio 360 MW 220 MW 59 MW +2,000 MW WIND + SOLAR IN SOLAR - PLANNED FID IN RUN-OF-RIVER HYDRO DEVELOPMENT PIPELINE ALBERTA AND ONTARIO Q3 2024 IN ALBERTA & MEXICO (WIND/SOLAR/STORAGE) IN OPERATION 39

  40. Slide 40: Alberta Portfolio

    EnPower Renewables Overview ALBERTA PORTFOLIO Size Project Status COD Potential (MWAC) Barlow Solar Energized 27 Q2 2023 Deerfoot Solar Energized 37 Q3 2023 Empress Solar Energized 39 Q4 2023 Forty Mile Solar Pre-Construction 220 2026 Hand Hills Wind/Solar Development 300 2027 Alberta BESS 1 Develop

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