OEC Renewables, a provider of clean energy solutions, announced the acquisition of the East Strathmore Solar Project from Elemental Energy. The 20-megawatt (MW) operating solar generation facility—located in Wheatland County, south-central Alberta—expands OEC Renewables’ portfolio of clean energy generation assets.
“This investment strengthens our renewable generation portfolio of renewable assets that deliver reliable and affordable clean energy,” shared Parag Datta, Vice President of OEC Renewables.
Scott Mudie, EVP, Chief Operations and Energy Officer added, “This acquisition underscores our long-term commitment to playing a leading role in Canada’s energy transition. The East Strathmore Solar Project positions us to further contribute to the delivery of clean, reliable energy, while delivering long-term value to communities.”
With this acquisition, OEC Renewables expands its operational footprint in Alberta’s electricity market. The project provides a strong foundation for future growth in Western Canada and enhances the company’s ability to navigate diverse market dynamics and regulatory frameworks.
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“Elemental Energy would like to thank the OEC Renewables team and all of the project stakeholders that helped facilitate this successful transaction,” said Jamie Houssian, Principal of Elemental. “We look forward to the possibility of further transactions and partnerships with OEC as both entities continue to grow their portfolios across Canada.”
