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 25% interest in the solar farm. The plant, an 8.75 Mwac (Gross) facility is expected to produce 15,841 Mwh/yr (gross) and generate carbon offsets of 8,237 tonnes (gross) annually based on photovoltaic estimates for the area and a Mwh to carbon tonne conversion factor of 0.52 tonne per Mwh.
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 50% Indigenous labor content for general assembly, zero lost time incidents over 38,000 direct man-hours for the course of construction and the project was constructed on schedule and on budget for a total cost of $19 million
Nu E Power Corp. | https://www.nu-ecorp.com/
