A future rendering of the TC Energy solar farm at Saddlebrook near Aldersyde, Alta.
CALGARY, Alberta, Oct. 4, 2022 (GLOBE NEWSWIRE) — NEWS RELEASE — TC Energy Corporation (TSX, NYSE: TRP) (TC Energy) announces the pre-construction of the Saddlebrook Solar Project near Alderside, Alberta. start the activity. TC Energy is investing $146 million to build the first Canadian solar project. It has 81 megawatts of generating capacity, enough to power 20,000 homes per year. Initial construction involves installing solar panels on TC Energy’s site in a local industrial park.
Corey Hessen, executive vice president and president of Power & Energy Solutions at TC Energy, said: “This investment strengthens our ability to provide low-carbon solutions to our customers and underscores our commitment to adding renewable energy to local power grids.”
This project is partially supported by $10 million from Emissions Reduction Alberta. This funding will support the development of this hybrid solar power facility. When combined with a flow battery energy storage system, it will help reduce Alberta’s greenhouse gas emissions.
TC Energy has obtained all regulatory approvals and permits. Construction is expected to be completed in 2023. Around 140 workers are expected to support the project during the construction phase. Once operational, his two full-time employees from TC Energy will work at the facility.
“The Highriver Chamber of Commerce is excited to see the potential for diverse energy solutions to be implemented in our region, resulting in stronger business relationships, contracting opportunities and employment potential,” said Highriver. said Lisa Savon-Smith, executive director of the Chamber of Commerce and District Chamber of Commerce. “It is exciting for our community to see the Saddlebrook area become home to such a project.”
TC Energy continues to execute, facilitate and approve quality projects that meet the state’s need for low carbon, reliable and affordable energy. The company has acquired over 400 MW of renewable power through Power Purchase Agreements in Alberta over the past 24 months. Also in April, TC Energy announced plans to consider developing a 60 tonne per day hydrogen production hub near Crossfield, Alberta.
About TC Energy
We are a team of over 7,000 energy problem solvers working to move, generate and store the energy that North America depends on. Today we are taking action to make that energy more sustainable and safe. We innovate and modernize to reduce emissions from our business. We also provide new energy solutions, from natural gas and renewables to carbon capture and hydrogen, and help other companies and industries decarbonise. Along the way, we invest in our communities and work with our neighbors, customers and governments to build the energy systems of the future.
TC Energy’s common stock trades on the Toronto (TSX) and New York (NYSE) stock exchanges under the symbol TRP. For more information, please visit TCEnergy.com.
This release contains certain forward-looking information that is subject to significant risks and uncertainties (such statements generally include statements such as “anticipate,” ”, “could”, “would”, “should”, etc.). ”, “estimate”, “intend” or other similar words). The forward-looking statements in this document are intended to provide security holders and potential investors of TC Energy with information regarding TC Energy and its subsidiaries. This includes management’s assessment of the future plans and financial prospects of TC Energy and its subsidiaries. All forward-looking statements reflect TC Energy’s beliefs and assumptions based on information available at the time the statements are made and are not guarantees of future performance. Because actual results could differ materially from the forward-looking information, you should not place undue reliance on forward-looking information or use forward-looking information or financial forecasts for purposes other than their intended purposes. please give me. We do not update forward-looking information as a result of new information or future events, except as required by law. For additional information regarding the assumptions made and the risks and uncertainties that could cause actual results to differ from those expected, please refer to the latest version filed under SEDAR’s TC Energy profile at www.sedar.com. See our Quarterly Shareholder Reports and Annual Reports. and with the US Securities and Exchange Commission (www.sec.gov).
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403-920-7859 or 800-608-7859
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A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/90315c3b-28e9-4e10-bfc4-5e80df016346.
PDF available: http://ml.globenewswire.com/Resource/Download/8d762dd7-6136-42c4-8d88-a76f0b159636
TC Energy to Build Canada’s First Solar Energy Project, Canadian Business Journal
Source link TC Energy to Build Canada’s First Solar Energy Project, Canadian Business Journal