Aura Power sells 39-MW ready-to-build solar project in Canada
Empress solar project site in Alberta, Canada. Copyright: Sal Aerial Imaging. Image source: Aura Power handout
Bristol-based developer Aura Power Renewables said today that it has sold its 39-MW Empress ready-to-build solar project in Eastern Alberta to Canadian Utilities Limited (TSE:CU), an electrical utility services company within the ATCO Group.
The divestment was closed for an undisclosed price.
The Empress project site is located south of the namesake village near the Alberta-Saskatchewan border. Aura Power acquired the land rights for the project, secured grid connection capacity and obtained building permits, the renewables firm said.
Empress will feature 85,000 single-axis bifacial tracking panels and produce enough power to meet consumption needs of over 11,000 homes each year.
Project execution is underway, while commercial operations are expected in 2022.
The Empress scheme is the first to come out of Aura Power’s pipeline of ready-to-build projects in Alberta. The company says it has over 4 GW of projects in various stages of development across North America and Europe.
Sladjana has significant experience as a Spain-focused business news reporter and is now diving deeper into the global renewable energy industry. She is the person to seek if you need information about Latin American renewables and the Spanish market.