Universal Kraft partnered up with Korkia to develop a solar project in Canada that aims to produce one gigawatt of solar energy per year.
The project in Southeast Alberta will provide energy for 100,000 households. The investment backs Alberta’s audacious 2030 target of producing 30% of its electricity from renewable sources.
Alberta is known as an energy province and Canada’s largest producer of crude oil and natural gas, so its energy goals are ambitious. The Renewable Electricity Act, a project of the provincial government of Alberta, has set a goal of increasing renewable energy production by 2 gigawatts between 2017 and 2023. Significant growth is anticipated, particularly for solar energy, reaching up to 1,200 megawatts year.
An excellent illustration of how to capitalize on regional advantages is seen in Alberta. More than 10 percent of Alberta’s GDP comes from the energy industry, primarily oil and gas. However, the transition to renewable forms of energy has been taken seriously, both by authorities and companies. The goals set in the province are ambitious and companies have actively seized these opportunities.
In January 2022 Alberta’s renewable energy production was 14 percent of all energy production. The Canadian Energy Agency predicts that renewable energy capacity in Alberta will reach 26 percent by 2023. Predictions indicate that Alberta may surpass all other Canadian provinces in terms of renewable energy production by 2023.
For more than 20 years, Universal Kraft has been creating renewable energy projects. From an Iberian/Nordic focus and now also both in North and South America, we are active in Canada developing for both renewable power and hydrogen production, with head office in Calgary and developments in Alberta, BC and Quebec.
With a base on design and engineering multi-technological sustainable solutions, this new solar project in Canada is an opportunity to push towards a large-scale energy production: Canada is one of the largest traditional energy markets in the world, and of course it makes a lot of sense to work with the energy transition here, given the natural resources the country is carrying. Korkia, which has constructed over 30 renewable energy power facilities in Europe and Latin America, receives information from Universal Kraft.
We have a sizable portfolio of projects in development at the moment. Discover them all here.