- Low Carbon will provide 10 GWh of renewable energy annually to Deep Sky Alpha’s Alberta facility.
- The agreement will enable Deep Sky Alpha to operate with 100% clean electricity.
- This marks Low Carbon’s continued growth as a major Independent Power Producer (IPP) with international partnerships.
UK-based renewable energy company Low Carbon has signed a 10-year Power Purchase Agreement (PPA) with Quebec-based carbon removal project developer Deep Sky. The agreement solidifies Low Carbon’s position as a global leader in delivering large-scale renewable energy solutions.
The details:
Low Carbon’s Lethbridge 1 solar project in Canada will supply 10 GWh of renewable energy annually to power Deep Sky’s first carbon removal facility, Deep Sky Alpha, located in Alberta. The facility will operate entirely on clean electricity provided through this agreement.
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Marco Verspuij, Head of Power Management at Low Carbon, highlighted the significance of this partnership: “We are delighted to finalise this agreement with Deep Sky, enabling critical new renewable energy to support their landmark project. We expect that PPAs will continue to play a major role in helping drive the renewables revolution in the coming years as organisations explore innovative finance options that help reduce emissions from their energy usage and decarbonise the wider economy.”
Context:
The deal follows Low Carbon’s 2024 announcement of a 10-year PPA with Lloyds Banking Group for 50 GWh of renewable energy from UK solar farms. The growing demand for direct contracts with renewable energy providers reflects a broader corporate shift toward climate change commitments and decarbonisation.
Deep Sky’s CEO, Damien Steel, underscored the importance of the collaboration: “We’re proud to work with Low Carbon to generate 100% new renewable power for our first carbon removal facility, Deep Sky Alpha. Securing renewable power for novel carbon dioxide removal projects is incredibly difficult, and we couldn’t be more excited to have Low Carbon as our partner in Alberta.”
Why it matters:
The partnership between Low Carbon and Deep Sky demonstrates the essential role of PPAs in achieving net-zero goals. By ensuring reliable, renewable power for innovative carbon removal facilities, the agreement supports the wider decarbonisation of the global economy.
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