Capital Power signs agreement with MEGlobal Canada to provide renewable energy
Capital Power Corp. signed a 10-year agreement with MEGlobal Canada to provide renewable energy from its Whitla Wind facility in Alberta.
The 126 megawatts of renewable energy will be used by MEGlobal’s Canadian manufacturing facilities starting April 1.
“Purchasing energy from renewable resources such as wind makes good sense for our company and the environment,” said Naser Aldousari, CEO of Equate Petrochemical, the parent company of MEGlobal. “This agreement exemplifies Equate’s dedication to delivering responsible product growth that meets the needs of the present without compromising the ability of future generations to meet their needs.”
MEGlobal has three operational sites in Alberta, located in Fort Saskatchewan and Lacombe counties, which produce ethylene glycol that is used to make essential products such as clothing, coolants, and construction materials.
“We’re excited to provide MEGlobal with renewable power for their operations in Alberta. As we work to power a sustainable future for people and planet, we’re committed to developing customized solutions that empower our partners to capitalize on the benefits of clean energy,” said Chris Kopecky, senior vice president and chief legal, development, and commercial officer. “Combined with our other renewable energy agreements, the additional phases of our Whitla Wind facility, representing a total of 151 MW of capacity, are now fully contracted for 100% of the energy generated and approximately 86% of the environmental attributes for 10 years.”
The carbon displacement from the agreement is the equivalent of taking more than 461,000 cars off the road for a year, recycling over 90 million bags of waste instead of dumping in landfills, or the amount of greenhouse gases sequestered by 35,000,000 tree seedlings grown for 10 years.
