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Decarbonization project

Spring Coulee Solar VPPA

This project is operational in Canada. The source does not give a quantified reduction for this project.

Status
Operational
Estimated reduction
Not quantified in the source
Countries
Canada
Sector
Renewable power
Announced
2022
Expected start
2024

About this project

The description is as the source gives it.

Scotiabank entered a 15-year virtual power purchase agreement (VPPA) with Evolugen (Brookfield Renewable) for 100% of the output from the 42 MW Spring Coulee solar project in Alberta. The project reached commercial operations in 2024, enabling Scotiabank to procure emission-free renewable electricity and RECs for its Canadian operations. This supports the bank's target of 100% emission-free electricity in Canada. Evidence: "In 2022, Scotiabank entered into a 15-year virtual power purchase agreement (VPPA) with Evolugen, a Canadian business of Brookfield Renewable, to build a solar project near Cardston, Alberta. The project was completed and Scotiabank began acquiring renewable energy certificates (RECs) throughout 2024 under the terms of the VPPA." — https://www.scotiabank.com/content/dam/scotiabank/corporate/Documents/2025/Scotiabank_2024_Climate_Report_Final.pdf

Statuses, countries and reductions are as the public source states them, and may be out of date.

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