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Capital Power signs large-scale virtual power purchase agreement with Saputo Inc.
EDMONTON, Alberta, March 27, 2024 (GLOBE NEWSWIRE) — Capital Power (TSX: CPX) has entered into a 15-year virtual power purchase agreement (VPPA) with Saputo Inc. (TSX: SAP). The long-term commitment, supported by leading energy procurement advi
The agreement pertains to Capital Power’s Canadian-based wind facility (Halkirk 2 Wind) currently under construction. Subject to final regulatory approvals and once operational, the portion of the wind facility contracted by Saputo will generate approximately 206,300 MWh of renewable electricity per year. The new VPPA will ultimately cut down Saputo’s global CO2 footprint by 13 per cent (against its fiscal 2020 baseline). Read More
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