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Topic of the Week: North America

hep solar's largest PV project to date will be in Canada

According to hep solar, further steps towards project realisation in the Canadian province of Alberta are also progressing according to plan. In order to avoid delays caused by problems in the supply chain, time-critical components such as the transformer station and the main fuses have already been contractually secured.

In addition, the financing cover is proceeding as planned. The contract with the general contractor will be finalised on the basis of the authority's decision in order to be able to start the preliminary work in the third quarter of 2024 in line with the schedule.

Promising development opportunities for solar investments

The 270-hectare solar park in southern Alberta with around 200,000 solar modules will generate around 193,000 MWh per year. This will be enough to supply around 26,800 households in the province of Alberta with green electricity.

Don‘t miss our next newsletter for investors on May 29

Alberta as a solar location offers promising development opportunities for investments in solar energy. Canada, and in particular the province of Alberta on the border with the USA, is regarded as a hidden champion, according to hep solar. On the one hand, the high annual solar radiation of 1,559 kWh/kW contributes to this. On the other hand, the accelerated shift in the Canadian electricity mix towards climate-friendly energy generation is accelerating the energy transition in Alberta. (hcn)