Low Carbon signs long-term Power Purchase Agreement with carbon removal project developer Deep Sky
Low Carbon has signed a 10-year Power Purchase Agreement (PPA) with Deep Sky, a carbon removal developer based in Quebec, to supply 10 GWh of renewable energy annually from its Lethbridge 1 solar project in Alberta, Canada.
The latest agreement highlights Low Carbon’s growth as a leading Independent Power Producer (IPP) capable of delivering clean energy to customers at scale
UK-based global renewable energy company, Low Carbon, has announced that it has entered into a Power Purchase Agreement (PPA) with Deep Sky, the Quebec-based carbon removal project developer.
This latest partnership highlights Low Carbon‘s capability as a leading IPP producing large-scale renewable energy for a broad range of international customers.
The 10-year PPA will see 10 GWh (gigawatt hours) of renewable energy per annum from Low Carbon’s Lethbridge 1 solar project in Canada to power Deep Sky’s first facility in Alberta, Canada, called Deep Sky Alpha. With this agreement, the solar project will generate enough clean electricity to power 100% of Deep Sky Alpha’s operations.
Earlier this year, Low Carbon announced a ten-year PPA with Lloyds Banking Group for 50 GWh of renewable energy from two of its UK solar farms, reflecting a growing trend of organisations seeking direct contracts with renewable energy generators as part of their climate change commitments.
Head of Power Management at Low Carbon, Marco Verspuij, said:
UK-based global renewable energy company, Low Carbon, has announced that it has entered into a Power Purchase Agreement (PPA) with Deep Sky, the Quebec-based carbon removal project developer.
This latest partnership highlights Low Carbon‘s capability as a leading IPP producing large-scale renewable energy for a broad range of international customers.
The 10-year PPA will see 10 GWh (gigawatt hours) of renewable energy per annum from Low Carbon’s Lethbridge 1 solar project in Canada to power Deep Sky’s first facility in Alberta, Canada, called Deep Sky Alpha. With this agreement, the solar project will generate enough clean electricity to power 100% of Deep Sky Alpha’s operations.
Earlier this year, Low Carbon announced a ten-year PPA with Lloyds Banking Group for 50 GWh of renewable energy from two of its UK solar farms, reflecting a growing trend of organisations seeking direct contracts with renewable energy generators as part of their climate change commitments.
Head of Power Management at Low Carbon, Marco Verspuij, said:
“We are delighted to finalise this agreement with Deep Sky, enabling critical new renewable energy to support their landmark project. We expect that PPAs will continue to play a major role in helping drive the renewables revolution in the coming years as organisations explore innovative finance options that help reduce emissions from their energy usage and decarbonise the wider economy.”
Damien Steel, Deep Sky CEO, added:
“We’re proud to work with Low Carbon to generate 100% new renewable power for our first carbon removal facility, Deep Sky Alpha. Securing renewable power for novel carbon dioxide removal projects is incredibly difficult, and we couldn’t be more excited to have Low Carbon as our partner in Alberta.”
ENDS
FOR MEDIA ENQUIRIES
Harry Padfield
PR and Public Affairs Manager
Harry.padfield@lowcarbon.com
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Low Carbon
London, United KingdomLow Carbon creates renewable energy to fight climate change. We’re building a global net-zero energy company that will power tomorrow and protect the planet for future generations.
Low Carbon was established in 2011 with one goal in mind: to make the biggest contribution possible in the fight against climate change. The aim is to make a defining contribution to the historic effort to move the world to 100% renewable energy.
Low Carbon are a long-standing certified B-Corporation, and recognized as Gold Standard for their environmental impact. Low Carbon’s climate ambitions are to become one of the world’s first major net-zero energy companies and to have created 20GW of new renewable energy capacity by 2030.
Low Carbon is on a mission. Together, we will power tomorrow.
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