Low Carbon Powers Deep Sky's Carbon Removal Facility With 10-Year PPA

Low Carbon, a UK-based renewable energy company, has entered into a significant Power Purchase Agreement (PPA) with Deep Sky, a carbon removal project developer based in Quebec. This 10-year agreement stipulates that Low Carbon will provide 10 GWh of renewable energy annually from its Lethbridge 1 solar project in Canada to Deep Sky's inaugural facility, Deep Sky Alpha, located in Alberta, Canada. This partnership enables Deep Sky Alpha to power its operations entirely through clean energy. The agreement underscores Low Carbon's status as a leading Independent Power Producer (IPP) capable of delivering large-scale renewable energy internationally. The deal follows a similar PPA earlier this year between Low Carbon and Lloyds Banking Group for 50 GWh from UK solar farms. PPAs are becoming increasingly popular as more organizations strive to meet their climate commitments by securing direct renewable energy sources. Marco Verspuij, the Head of Power Management at Low Carbon, emphasized the critical role PPAs will continue to play in the global transition to renewable energy. Deep Sky's CEO, Damien Steel, expressed enthusiasm about the collaboration, highlighting the partnership's impact on enabling novel carbon dioxide removal endeavors.