- Fox Coulee was officially launched yesterday in Starland
County, Alberta at an event with
the County's Reeve Steven Wannstrom
- The solar farm started producing electricity in December 2023 and has been progressively
increasing its output: commissioning is scheduled in the coming
weeks
- The 93 MWp solar farm will generate nearly 100 GWh of green
electricity per year, equivalent to the consumption of more than
20,000 homes
- Fox Coulee is the first operating asset in Canada for world-leading renewable resource
producer, Neoen
CALGARY,
AB, June 20, 2024 /CNW/ - Neoen (ISIN Code:
FR0011675362, mnemonic code: NEOEN), one of the world's leading
producers of exclusively renewable energy, celebrated yesterday the
launch of its Fox Coulee solar farm, located in Starland
County, Alberta. It is scheduled
for commissioning in the coming weeks. With a capacity of 93 MWp,
the plant has been producing clean electricity since December 2023 and once fully operational, will
produce around 100 GWh of green electricity per year,
equivalent to the annual consumption of around 20,000 homes. It
will avoid around 70,000 tons of CO2 per year. The solar farm is
100% owned by Neoen.
Neoen intends to sell a significant part of the electricity
generated, together with the environmental benefits, via power
purchase agreements. The remainder will be sold on Alberta's deregulated electricity market. The
farm will contribute to the target of achieving carbon neutrality
by 2035 set by the Province of Alberta and the federal government.
In accordance with its Sustainability Framework, Neoen has
called on Frank Hadfield, a local
artist, to develop a work of art at the entrance to the
photovoltaic plant: a dinosaur, representing the Albertosaurus,
predator that used to live in the area.
Neoen has the ambition to become a leading player in
Canada and has strengthened its
position with this first solar power plant now in
operation. In addition to Fox Coulee solar farm, Neoen's
Canadian portfolio of secured projects already includes the 400 MW
/ 1,600 MWh Grey Owl Storage, located in Ontario, which is supported by a 380 MW /
4-hour capacity contract that has been awarded to Neoen last month.
Established in Calgary in 2022,
Neoen is now also present in Toronto, and its Canadian teams are developing
numerous solar and storage projects in Alberta, Saskatchewan, and Ontario working with
all local players and the farming community to develop new
renewable projects in Canada.
Ryan Dick, Neoen's Province
Leader in Alberta, said: «
The Fox Coulee solar farm represents a major milestone in our
efforts to expand renewable energy in Canada. This first asset exemplifies our
commitment to conduct best in class project development work that
prioritizes stakeholder engagement and environmental protection and
to provide high-quality, sustainable energy solutions that will
significantly contribute to both the province's and the
country's carbon neutrality. We have high ambitions in
Alberta and are currently
developing many other solar, wind and battery projects to
accelerate the energy transition. »
About Neoen
Founded in 2008, Neoen is one of the world's leading independent
producers of exclusively renewable energy. With proven expertise in
solar power, onshore wind power and storage, the company plays an
active role in the energy transition by producing competitive,
clean, local energy on four continents. After a six-fold increase
in the last six years, its capacity in operation and under
construction stands at 8.4 GW.
Neoen's flagship operations are France's most powerful solar farm (300 MWp) in
Cestas, Finland's largest wind
farm (404 MW) in Mutkalampi, one of the world's most competitive
solar plants in Mexico
(El Llano, 375 MWp) and two of the
world's most powerful large-scale storage plants, both in
Australia: Hornsdale Power Reserve
(150 MW/193.5 MWh storage capacity) and the Victorian Big Battery
(300 MW/450 MWh).
A high-growth company, Neoen is targeting 10 GW in operation or
under construction by the end of 2025. Neoen is listed in
Compartment A of Euronext's regulated market in Paris (ISIN code: FR0011675362, Ticker: NEOEN)
and on the SBF 120 and CAC Mid 60 indexes.
For more information: www.neoen.com
SOURCE Neoen