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Nu E Power Corp (CSE: NUE, OTC: NUEPF) has received approval from the Alberta Utilities Commission to construct a 157MWac/188MWdc solar facility in Lethbridge County. The project, jointly owned with Low Carbon Canada through a 50/50 partnership, follows the successful completion of the operational Lethbridge One solar farm.
Located 2km south of Lethbridge Airport on private land, the facility is expected to generate 327,000 MWh of solar electricity and 135,000 metric tonnes of carbon offset annually. The project underwent extensive community engagement, including open houses and stakeholder consultations, along with comprehensive environmental, noise, and glare studies.
The project has been submitted to the Alberta Electric System Operator (AESO) for interconnection approval, with grid connection anticipated in mid to late 2027.
Nu E Power Corp (CSE: NUE, OTC: NUEPF) has announced the closing of the second tranche of its non-brokered private placement. The company raised $260,000 through the issuance of 866,665 units at $0.30 per unit.
Each unit consists of one common share and one purchase warrant. The warrants allow holders to purchase additional shares at $0.35 per share until January 30, 2027. The securities are subject to a hold period until May 31, 2025.
The company plans to use the proceeds for general working capital and advancing solar projects in Canada. The placement may include finder's fees subject to CSE approval.
Nu E Power Corp (CSE: NUE, OTC: NUEPF) has announced the commencement of commercial production at its Lethbridge One Solar farm. The project, developed in partnership with Low Carbon Canada Solar , represents the first initiative under their agreement, with Nu E Power maintaining a 25% interest. The 8.75 Mwac facility is projected to generate 15,841 Mwh/yr and produce 8,237 tonnes of carbon offsets annually.
The project was completed on schedule and within its $19 million budget, featuring significant local content including Canadian-designed racking systems and locally fabricated components. Construction involved 50% Indigenous labor content and achieved zero lost time incidents over 38,000 direct man-hours. The joint venture's development portfolio includes approximately 457 Mwac of solar projects in southern Alberta, with 157 Mwac already approved by the Alberta Utilities Commission for construction.
Nu E Power Corp (CSE: NUE, OTC: NUEPF) has entered into a non-binding letter of intent dated January 17, 2025, to acquire Blu Dot Systems, a private Alberta specializing in solar farm construction and maintenance. The proposed transaction involves acquiring all outstanding Blu Dot shares in exchange for 8,500,000 Nu E Power common shares at $0.54 per share.
Blu Dot's expertise includes low and medium voltage switchgear, motor control systems for data centres, and large energy infrastructure applications. They develop custom engineered products, e-buildings, and provide site electrical and mechanical construction solutions.
The transaction requires completion of due diligence, definitive documentation, and regulatory approvals. As Devon Sandford, Nu E Power's CEO, is a director and shareholder of Blu Dot, the deal may be considered a "related party transaction" under MI 61-101.
Nu E Power Corp (CSE: NUE, OTC: NUEPF) has announced several financial transactions. The company closed the first tranche of a non-brokered private placement, issuing 1,766,666 units at $0.30 per unit for gross proceeds of $530,000. Each unit includes one common share and one warrant exercisable at $0.35 for 24 months.
The company settled outstanding debt of $486,785 by issuing 1,216,963 common shares at $0.40 per share. Additionally, 1,081,250 common shares were issued at $0.40 per share to staff and directors for past services and bonuses totaling $432,500.
The proceeds from the private placement will be used for general working capital and advancing Canadian solar projects. All shares issued under the debt settlement and services transactions are subject to a four-month hold period ending May 8, 2025, pending final CSE approval.
Nu E Power Corp (CSE: NUE, OTC: NUEPF) has announced a non-brokered private placement offering of up to 3,333,334 units at $0.30 per unit, aiming to raise up to $1 million. Each unit includes one common share and one warrant exercisable at $0.35 for 24 months. The proceeds will support working capital and Canadian solar projects.
The company has also settled debt of $486,785 by issuing 1,216,963 common shares at $0.40 per share to creditors. Additionally, 1,081,250 common shares were issued at $0.40 per share to staff and directors for past services and bonuses valued at $432,500. The offering is expected to close around December 31, 2024, subject to regulatory approvals.
Nu E Power Corp (CSE: NUE, OTC: NUEPF) has announced three significant corporate updates. First, the company is launching a non-brokered private placement offering up to 3,333,334 common shares at $0.30 per share, aiming to raise up to $1,000,000. The proceeds will support general working capital and advance Canadian solar projects.
Additionally, the company has settled outstanding debt of $486,785 by issuing 1,216,963 common shares at $0.40 per share to creditors. Furthermore, Nu E Power has issued 1,081,250 common shares at $0.40 per share to staff and directors, worth $432,500, as compensation for past services and bonuses. All issued shares are subject to a four-month hold period and pending CSE approval.
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