About the Project

The Spring Coulee project is a 42 MW solar project located approximately 10 km from Cardston in southwestern Alberta. The project has been under development since 2016 and construction is scheduled to begin in the Spring of 2023.

In 2021, Scotiabank and Evolugen signed a 15-year Renewable Energy Power Purchase Agreement (PPA) for the energy produced by the project. The agreement supports Scotiabank’s Climate Commitments – the Bank’s comprehensive approach to addressing climate change including decarbonizing its own operations and supporting clients in the transition to a low-carbon economy.

We are extremely proud to embark on our partnership with Evolugen for the purchase of renewable power enabling us to more than offset our electricity carbon footprint across Canada. We recognize the unique role we can play in the transition to a low-carbon, more resilient economy and this PPA agreement not only achieves our goal of securing 100% non-emitting electricity in Canada by 2025, but it also allows us to contribute to the growth of renewable energy development in Canada – a positive outcome for all involved.

Stephen Morson,

Senior Vice President, Real Estate at Scotiabank

This long-term PPA for solar energy in Alberta will add new renewable power to the Canadian electricity grid and advance Scotiabank’s commitment to the use of 100% non-emitting energy.

Once operational, Scotiabank will become the sole proprietor, purchasing 100% of the emission-free renewable electricity generated by the facility to help reduce its greenhouse gas (GHG) emissions.

Project Overview

• Located on 204 acres of previously disturbed cultivated land, and comprised of more than 70,000 bi-facial photovoltaic panels installed on single-axis trackers
• Creates more than 100 new construction jobs 
• Injects more than $48M into the Alberta economy 
• Once completed in 2023, the project will generate close to 60,000 MWh of renewable electricity annually

Project Benefits

• Reduces Alberta’s greenhouse gas emissions. 
• Provides economic opportunities for Cardston County and Alberta. 
• Aligns with Scotiabank and Evolugen‘s commitment to Environmental, Social and Governance (ESG) by having strict procurement and monitoring processes to ensure supply chain and labour standards; and by providing an opportunity for Indigenous participation in the construction and maintenance of the project.