To see this important project through to successful completion, the
"Within ATCO, we are enabling and accelerating the clean energy transition for our customers and providing communities and community partners with sustainable, reliable energy alternatives, however remote they may be," said
Beyond creating a reliable source of revenue for the community, the reduction in diesel fuel use is in line with the Vuntut Gwitchin's 2019 Yeendoo Diinehdoo Ji'heezrit Nits'oo Ts'o'Nan He'aa Declaration, calling for concrete action on combatting climate change.
ATCO is also a leader in the global transition to cleaner fuels and electricity—from the development of a renewable natural gas facility in
Quick Facts
- Almost 200,000 litres/year in diesel fuel savings: During prime operating periods, the
Old Crow Solar Project will produce enough electricity to meet the full load of the community. This will decrease the operation of the existing diesel generation facility by an estimated 2,000 engine hours per year, thereby reducing the amount of diesel fuel used by an estimated 189,000 litres per year. - The Old Crow Electricity Purchase Agreement: The Electricity Purchase Agreement for the Old Crow Solar Facility was made between the Vuntut Gwitchin First Nation and ATCO Electric Yukon, which is part of
Canadian Utilities Limited , an ATCO company. Based inWhitehorse, Yukon , ATCO Electric Yukon serves over 19,000 customers in 19 communities across the territory. - ATCO's northern roots run deep: ATCO, through its investment in
Yukon Electrical Company Limited , has been proudly serving electricity distribution customers in theYukon Territory since 1901. - Clean energy solutions and ownership for remote communities across
Canada : Energy projects like the Old Crow Solar Facility and theFort Chipewyan Solar Farm in Northern Alberta—the largest off-grid solar project inCanada , completed in partnership with three Indigenous communities—foster community ownership and self-sustaining economic development through job creation, investment in infrastructure and revenue from the sale of renewable energy
About
With approximately 4,500 employees and assets of $20 billion,
Investor & Analyst Inquiries:
Senior Vice President, Finance,
Colin.Jackson@atco.com
(403) 808 2636
Media Inquiries:
Senior Manager, Corporate Communications
Kurt.Kadatz@atco.com
(587) 228 4571
Forward-Looking Information:
Certain statements contained in this news release may constitute forward-looking information. Forward-looking information is often, but not always, identified by the use of words such as "anticipate", "plan", "estimate", "expect", "may", "will", "intend", "should", and similar expressions.
Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information.
The Company's actual results could differ materially from those anticipated in this forward-looking information as a result of regulatory decisions, competitive factors in the industries in which the Company operates, prevailing economic conditions (including as may be affected by the COVID-19 pandemic), and other factors, many of which are beyond the control of the Company.
The Company believes that the expectations reflected in the forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking information should not be unduly relied upon.
Any forward-looking information contained in this news release represents the Company's expectations as of the date hereof, and is subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required by applicable securities legislation.
SOURCE
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