The latest agreement highlights Low Carbon’s growth as a leading Independent Power Producer (IPP) capable of delivering clean energy to customers at scale

Wednesday 8 January 2025 – UK-based global renewable energy company, Low Carbon, has announced that it has entered into a Power Purchase Agreement (PPA) with Deep Sky, the Quebec-based carbon removal project developer.

This latest partnership highlights Low Carbon‘s capability as a leading IPP producing large-scale renewable energy for a broad range of  international customers.

The 10-year PPA will see 10 GWh (gigawatt hours) of renewable energy per annum from Low Carbon’s Lethbridge 1 solar project in Canada to power Deep Sky’s first facility in Alberta, Canada, called Deep Sky Alpha. With this agreement, the solar project will generate enough clean electricity to power 100% of Deep Sky Alpha’s operations.

Earlier this year, Low Carbon announced a ten-year PPA with Lloyds Banking Group for 50 GWh of renewable energy from two of its UK solar farms, reflecting a growing trend of organisations seeking direct contracts with renewable energy generators as part of their climate change commitments.

Head of Power Management at Low Carbon, Marco Verspuij, said:

“We are delighted to finalise this agreement with Deep Sky, enabling critical new renewable energy to support their landmark project. We expect that PPAs will continue to play a major role in helping drive the renewables revolution in the coming years as organisations explore innovative finance options that help reduce emissions from their energy usage and decarbonise the wider economy.”

Damien Steel, Deep Sky CEO, added:

“We’re proud to work with Low Carbon to generate 100% new renewable power for our first carbon removal facility, Deep Sky Alpha. Securing renewable power for novel carbon dioxide removal projects is incredibly difficult, and we couldn’t be more excited to have Low Carbon as our partner in Alberta.”

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About Low Carbon

Low Carbon creates large-scale renewable energy to fight climate change. We’re building a net-zero energy company that will protect the planet for future generations. This defining purpose drives us to deliver for our communities, investors, and the environment. We are a long-standing certified B-Corporation and recognised as a gold standard for our environmental impact.

We invest in, develop, and operate solar, wind, energy storage, and energy from waste projects across the UK, Europe, and North America. We’re contributing to the world’s move to 100% renewable energy by creating and operating 20 GW of new capacity. We have more than 16 GW in new renewables in development right now across the globe.

Low Carbon is on a mission. Together, we will power tomorrow.‍

lowcarbon.com

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About Deep Sky

Montreal-based Deep Sky is the world's first tech-agnostic carbon removal project developer aiming to remove gigatons of carbon from the atmosphere and permanently store it underground. As a project developer, Deep Sky brings together the most promising direct air and ocean carbon capture companies under one roof to bring the largest supply of high quality carbon credits to the market, commercializing and catalyzing carbon removal and storage solutions like never before. With $130M in funding, Deep Sky is backed by world class investors including Investissement Québec, Brightspark Ventures, Whitecap Venture Partners, OMERS Ventures, BDC Climate Fund, BMO, National Bank of Canada, Breakthrough Energy Catalyst, and more. For more information, visit deepskyclimate.com