NU-E aims to be a leading renewable energy company providing sustainable and affordable clean energy solutions across North America.
Company Overview
Nu E Power Corp. is a leading developer, owner, and operator of renewable energy projects in North America. The company is headquartered in Calgary, Alberta, Canada, and has a strong track record of success in developing and delivering innovative renewable energy solutions.
Nu E focuses on solar, wind, and battery storage projects. The company has a deep understanding of the renewable energy market and is well-positioned to capitalize on the growing demand for clean energy.
By 2030, Nu E is committed to developing and constructing 1.2 GW of renewable energy projects that are sustainable, responsible, and affordable. The company works closely with landowners, communities, and stakeholders to ensure that its projects are beneficial to all.
Nu E is currently developing several exciting renewable energy projects in North America. Our first project, Lethbridge One, is a 10.5 MW utility-scale solar generation facility that is currently under construction in Alberta, Canada. Lethbridge One is expected to be completed in September 2024 and will generate consistent long-term revenue and profitability for shareholders.
Project Investment Ready
Nu E's joint venture with UK-based renewable energy company Low Carbon Investment Management Ltd, known as Low Carbon Nu-Energy Corp, is allowing Low Carbon to expand into North America through a joint venture to co-develop over 1GW of solar, wind, and energy storage in Canada by 2030.
Initially, the two partners will work together on an existing pipeline of 600 MW of solar photovoltaic projects in Canada. The existing Canadian-based pipeline includes a mix of projects that span from early development through to construction. Our first project, Lethbridge One, reached Final Investment Decision (“FID”) in July 2023, and is now under construction.
This first-of-a-kind partnership for Low Carbon in North America will facilitate investment in large-scale Canadian renewable energy projects. The joint venture will help provide long-term stability for investment and open further opportunities for renewables development in Canada that support its net-zero ambitions.
Low Carbon is on track to add 20 GW of renewables in the markets it operates in by 2030. It recently secured a capital commitment of up to GBP 400 million (USD 506 million/EUR 463 million) from Massachusetts Mutual Life Insurance Company, also known as MassMutual.