The ATCO Group, through its investment in Canadian Utilities Limited, has completed the construction of two solar parks in Calgary aimed at providing clean, renewable energy to Alberta's power grid and supporting the transition to lower-carbon energy. The Barlow and Deerfoot solar projects represent the largest solar installation in a major urban center in Western Canada, at 27 and 37 megawatts respectively. The deal is valued at $110 million.
The installations' combined 175,000 bifacial solar panels, covering the equivalent of roughly 170 (Canadian) football fields, will generate enough renewable electricity to power more than 18,000 homes and offset 68,000 tonnes of carbon a year.
Through Canadian Utilities Limited, ATCO acquired the two Calgary solar projects from DP Energy, a privately held energy developer.
Bennett Jones acted for ATCO Renewables Ltd. with a team that included Jason Roth (construction), Luke Morrison (corporate) and Denise Bright (finance and security).