MEGlobal Canada ULC has entered into a 10-year agreement with Capital Power Corporation to purchase a significant share of renewable energy (126 megawatts) from Capital Power’s Whitla Wind 2 and 3 facilities. The renewable energy is expected to meet the power needs at MEGlobal’s Canadian manufacturing facilities beginning April 1, 2022.
MEGlobal has three operational sites in Alberta, located in Fort Saskatchewan and Lacombe County. These facilities produce ethylene glycol that is used to make essential products such as clothing, coolants and construction materials.
The carbon displacement from the agreement is estimated to be 2.119 MTCO2e. This is the equivalent of taking more than 461,000 cars off the road for a year, recycling over 90 million bags of waste instead of dumping in landfills, or the amount of greenhouse gases sequestered by 35,000,000 tree seedlings grown for 10 years.
Country updates
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March 15, 2022
BHE Canada signs PPA for 130 MW Rattlesnake Ridge wind project
BHE Canada has signed power purchase agreements with three new Canadian corporate partners, Royal Bank of Canada (RBC), Bullfrog Power Inc. (Bullfrog), and Shopify Inc. (Shopify). The three companies...
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March 15, 2022
EverGen signs LOI to acquire 67% stake in GrowTEC biogas facility in Alberta
EverGen Infrastructure Corp. (EverGen), Canada’s Renewable Natural Gas (RNG) Infrastructure Platform, has entered into a letter of intent (LOI) with Grow the Energy Circle Ltd. (GrowTEC) to...
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February 25, 2022
Pomerleau Capital launched PCap Infrastructures & Renewable Energies fund
Pomerleau Capital has launched a new fund known as PCap Infrastructure & Renewables Fund dedicated to infrastructure and renewable energy. The fund will place over US$85 million in long...
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February 18, 2022
Scotiabank and Evolugen sign PPA for 40 MW Spring Coulee solar project in Cardston
Scotiabank and Evolugen, the Canadian operating business of Brookfield Renewable, have signed a 15-year renewable energy power purchase agreement (PPA) for a solar photovoltaic project that will be co...
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February 14, 2022
TransAlta plans to build 180 MW energy storage facility next to Ghost Hydroelectric power plant
TransAlta Corporation has filed its approval request to the Alberta Utilities Commission (AUC) to develop a 180 MW energy storage project that will be connected to the 51 MW Ghost Hydroelect...
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