Suncor Energy Inc. selling wind, solar assets to Canadian Utilities Limited

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Suncor Energy Inc. says it is selling its wind and solar assets to Canadian Utilities Limited for $730 million

The move follows Suncor’s announcement last April that was divesting its wind and solar assets to focus on areas of energy expansion, including hydrogen and renewable fuels.Start your day with a roundup of B.C.-focused news and opinion delivered straight to your inbox at 7 a.m., Monday to Friday.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails.

Kris Smith, Suncor’s interim president and CEO, says its efforts will include replacing coke-fired boilers at its base plant with lower emission cogeneration units. He says Suncor will also be investing in hydrogen and low-carbon fuels and accelerating commercial-scale deployment of carbon capture technology.

Suncor says the sale includes its interest in Magrath, Chin Chute and Adelaide wind farms, as well as Forty Mile wind farm.This report by The Canadian Press was first published Oct. 5, 2022

 

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