NU E Power Provides Operations Update

Core Insights - Nu E Power Corp. is advancing its operations with a focus on developing renewable energy projects, particularly the Hanna Solar Farm, which is a significant investment in clean energy infrastructure [1][4]. Project Overview - The Hanna solar project is designed to have a capacity of 300 MWac/360 MWdc and is located approximately 200 kilometers northeast of Calgary, Alberta [2]. - The project has undergone an initial wildlife assessment and is considered low risk to wildlife, currently in the interconnection process with the Alberta Electric System Operator [2]. - Anticipated to break ground in mid-to-late 2026, the project represents an investment of approximately $400 million and aims to create long-term jobs in Alberta [3]. Environmental Impact - Once operational, the Hanna solar project is expected to generate around 650,000 MWh of electricity annually and provide 280,000 tonnes of carbon offsets each year [3]. Company Background - Nu E Power Corp. is focused on developing, constructing, and operating clean and renewable energy infrastructure across North America, with a goal of developing up to 2 GW of renewable energy projects in Canada by 2030 [4]. - The company has partnered with Low Carbon Canada Solar Limited to facilitate non-dilutive investment [4].