Lafarge Canada Inc. and ATCO Announce 12.5-Year Solar Virtual Power Purchase Agreement
Retrieved on:
Thursday, October 5, 2023
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).
Key Points:
- 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 Exshaw 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.
- Notably, Lafarge's Exshaw cement plant has now committed to power purchase agreements for both wind and solar energy, setting an industry precedent.
- The Empress Solar project is expected to generate enough renewable energy to offset approximately 43,000 tonnes of carbon per year.