NU E Power Announces Beginning of Commercial Production at Lethbridge One Solar Project
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) ha annunciato l'inizio della produzione commerciale presso il suo parco solare Lethbridge One. Il progetto, sviluppato in collaborazione con Low Carbon Canada Solar, rappresenta la prima iniziativa nell'ambito dell'accordo, con Nu E Power che mantiene una partecipazione del 25%. L'impianto da 8,75 Mwac è previsto generare 15.841 Mwh/anno e produrre 8.237 tonnellate di compensazioni di carbonio all'anno.
Il progetto è stato completato secondo il programma e rispettando il budget di 19 milioni di dollari, presentando un significativo contenuto locale, tra cui sistemi di supporto progettati in Canada e componenti realizzati localmente. La costruzione ha coinvolto il 50% della forza lavoro indigena e ha registrato zero incidenti di tempo perso su oltre 38.000 ore di lavoro dirette. Il portafoglio di sviluppo della joint venture include circa 457 Mwac di progetti solari nel sud dell'Alberta, con 157 Mwac già approvati dalla Commissione per i servizi pubblici dell'Alberta per la costruzione.
Nu E Power Corp (CSE: NUE, OTC: NUEPF) ha anunciado el inicio de la producción comercial en su granja solar Lethbridge One. El proyecto, desarrollado en asociación con Low Carbon Canada Solar, representa la primera iniciativa bajo su acuerdo, con Nu E Power manteniendo un interés del 25%. Se prevé que la instalación de 8,75 Mwac genere 15.841 Mwh/año y produzca 8.237 toneladas de compensaciones de carbono anualmente.
El proyecto se completó según lo programado y dentro de su presupuesto de 19 millones de dólares, con un contenido local significativo, incluidos sistemas de soporte diseñados en Canadá y componentes fabricados localmente. La construcción incluyó un 50% de mano de obra indígena y alcanzó cero incidentes de tiempo perdido en más de 38,000 horas de trabajo directo. El portafolio de desarrollo de la empresa conjunta incluye aproximadamente 457 Mwac de proyectos solares en el sur de Alberta, con 157 Mwac ya aprobados por la Comisión de Servicios Públicos de Alberta para su construcción.
Nu E Power Corp (CSE: NUE, OTC: NUEPF)는 Lethbridge One 태양광 발전소에서 상업 생산 시작을 발표했습니다. 이 프로젝트는 Low Carbon Canada Solar와의 파트너십으로 개발되었으며, Nu E Power는 25%의 지분을 유지하고 있습니다. 8.75 Mwac 시설은 연간 15,841 Mwh를 생산하고 연간 8,237톤의 탄소 상쇄를 발생시킬 것으로 예상됩니다.
이 프로젝트는 예정대로 완료되었으며 1,900만 달러의 예산 내에서 진행되었습니다. 캐나다에서 설계된 지지대 시스템과 현지 제작된 구성 요소를 포함한 상당한 로컬 콘텐츠가 특징입니다. 건설 과정에는 50%의 원주율 노동력이 포함되어 있으며 38,000시간 이상의 직접 작업 시간 동안 사고가 발생하지 않았습니다. 이 합작투자의 개발 포트폴리오에는 남부 알버타에 약 457 Mwac의 태양광 프로젝트가 포함되어 있으며, 이 중 157 Mwac는 이미 알버타 유틸리티 위원회에서 건설을 승인받았습니다.
Nu E Power Corp (CSE: NUE, OTC: NUEPF) a annoncé le début de la production commerciale de sa ferme solaire Lethbridge One. Ce projet, développé en partenariat avec Low Carbon Canada Solar, représente la première initiative dans le cadre de leur accord, Nu E Power détenant une participation de 25%. L'installation de 8,75 Mwac devrait générer 15.841 Mwh/an et produire 8.237 tonnes de compensations de carbone chaque année.
Le projet a été achevé dans les délais et dans le budget de 19 millions de dollars, avec un contenu local significatif, y compris des systèmes de support conçus au Canada et des composants fabriqués localement. La construction a impliqué 50% de main-d'œuvre autochtone et n'a enregistré aucun incident de perte de temps sur plus de 38.000 heures de travail direct. Le portefeuille de développement de la coentreprise comprend environ 457 Mwac de projets solaires dans le sud de l'Alberta, dont 157 Mwac ont déjà été approuvés par la Commission des services publics de l'Alberta pour la construction.
Nu E Power Corp (CSE: NUE, OTC: NUEPF) hat den Beginn der kommerziellen Produktion in seinem Lethbridge One Solarpark bekannt gegeben. Das Projekt, das in Zusammenarbeit mit Low Carbon Canada Solar entwickelt wurde, stellt die erste Initiative im Rahmen ihrer Vereinbarung dar, wobei Nu E Power eine 25%ige Beteiligung behält. Die Anlage mit einer Kapazität von 8,75 Mwac soll jährlich 15.841 Mwh erzeugen und 8.237 Tonnen CO2-Einsparungen jährlich erzielen.
Das Projekt wurde pünktlich und innerhalb des Budgets von 19 Millionen Dollar fertiggestellt, wobei ein erheblicher lokaler Anteil an den verwendeten Materialien, einschließlich in Kanada entworfener Tragstrukturen und lokal hergestellter Komponenten, enthalten ist. Bei der Bauausführung wurden 50% der Arbeitskräfte aus indigenen Gemeinschaften eingestellt, und es gab über 38.000 direkte Arbeitsstunden keine Ausfallzeiten durch Unfälle. Das Entwicklungsportfolio des Joint Ventures umfasst etwa 457 Mwac an Solarprojekten im Süden von Alberta, von denen 157 Mwac bereits von der Alberta Utilities Commission für den Bau genehmigt wurden.
- Project completed on schedule and within $19 million budget
- Expected annual production of 15,841 Mwh/yr and 8,237 tonnes of carbon offsets
- 157 Mwac of additional projects already approved for construction
- Zero lost time incidents during construction (38,000 man-hours)
- Significant local content utilization reducing supply chain risks
- Company holds only 25% interest in the project, limiting revenue potential
Calgary, Alberta--(Newsfile Corp. - January 30, 2025) - Nu E Power Corp. (the "Company") (CSE: NUE) (OTC Pink: NUEPF) is pleased to provide the following operations update at its Lethbridge One Solar farm.
LETHBRIDGE ONE SOLAR FARM
The Company is pleased to announce that the Lethbridge One Solar farm has been placed on commercial production. The project was the first under the agreement with Low Carbon Canada Solar Limited ("Low Carbon") with the Company retaining a
The joint venture with Low Carbon includes a development portfolio of approximately 457 Mwac solar projects in southern Alberta with 157Mwac having received Alberta Utilities Commission approval for construction.
The solar farm was constructed using significant local content, including a Canadian designed racking system, locally fabricated and procured screw piles, local contractors constructed the roadways, fencing, O&M building and electrical systems, a
About Nu E Power Corp.
Nu E Power Corp. is a green energy company focused on the developing, construction, and operating clean and renewable energy infrastructure across North America. The Company has a partnership with Low Carbon Canada Solar Limited, a subsidiary of the UK based renewables major, Low Carbon Investment Management Ltd. To facilitate non-dilutive investment into the Company with the goal of developing up to 2GW of renewable energy projects in Canada by 2030.
Contact Information
John Newman, Chief Financial Officer
Email: john@nu-ecorp.com
The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this press release.
This press release contains statements which constitute "forward-looking information" within the meaning of applicable Canadian securities laws. Forward-looking information is often identified by the words "may," "would," "could," "should," "will," "intend," "plan," "anticipate," "believe," "estimate," "expect" or similar expressions. Readers are cautioned that forward-looking information is not based on historical facts but instead reflects the Company's management's expectations, estimates or projections concerning the business of the Company's future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Although the Company believes that the expectations reflected in such forward-looking information are reasonable, such information involves risks and uncertainties, and undue reliance should not be placed on such information, as unknown or unpredictable factors could have material adverse effects on future results, performance or achievements. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking information are the following: the ability to develop 2GW of renewable energy projects in Canada by 2030 including the 457Mwac of solar projects currently being developed, general economic, business and political conditions, including changes in the financial markets; decreases in the prevailing prices for products in the markets that the Company operates in; adverse changes in applicable laws or adverse changes in the application or enforcement of current laws; regulations and enforcement priorities of governmental authorities; compliance with government regulation and related costs; and other risks described in the Listing Statement of Nu E posted on SEDAR+. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking information prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update this forward-looking information except as otherwise required by applicable law.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/238919
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