UK-based global renewable energy company Low Carbon has entered into a Power Purchase Agreement (PPA) with Deep Sky, the Quebec-based carbon removal project developer.
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 Alpha, the company’s first facility in Alberta. CO2 captured will be injected 2km underground.
The solar project will generate enough clean electricity to power 100% of Deep Sky Alpha’s operations.
Marco Verspuij, Head of Power Management at Low Carbon, expects 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.
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