Lafarge Canada Inc. and ATCO Announce Long-Term Solar Virtual Power Purchase Agreement
Lafarge Canada Inc. and ATCO Ltd. have entered into a 12.5-year virtual power purchase agreement (VPPA) to support sustainable energy solutions. Under this agreement, Lafarge's Exshaw cement plant will receive 100% of the solar energy produced by ATCO's 38.5-megawatt Empress Solar project. This will meet 34% of the plant's power requirements until 2036. The collaboration highlights Lafarge's commitment to reducing reliance on fossil fuels and ATCO's dedication to supporting customers in achieving their clean energy goals. The Empress Solar project is expected to offset approximately 43,000 tonnes of carbon emissions per year and contribute to ATCO's target of owning, developing, or managing over 1,000 MW of renewable energy by 2030. This agreement represents a significant step towards a greener and more sustainable energy landscape in Alberta.
Implications for New Businesses
The long-term virtual power purchase agreement between Lafarge Canada Inc. and ATCO Ltd. could have significant implications for new businesses. This partnership not only supports sustainable energy solutions but also sets a precedent for future collaborations between companies in different sectors.
Reducing Reliance on Fossil Fuels
Lafarge's commitment to reducing reliance on fossil fuels is a clear indication of the growing trend towards sustainability in the business world. For new businesses, this could mean rethinking energy sources and incorporating renewable energy into their operations.
Supporting Clean Energy Goals
ATCO's dedication to helping its customers achieve their clean energy goals is another key takeaway for new businesses. This could translate into increased demand for services and solutions that support sustainability and clean energy.
In conclusion, the agreement between Lafarge and ATCO represents a significant step towards a greener and more sustainable energy landscape in Alberta. For new businesses, this could mean an increased focus on sustainability and clean energy, potentially shaping their strategies and operations in the years to come.