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By Canadian Press

Greenpeace criticizing Suncor’s plan to sell wind projects

Apr 5, 2022 | 3:25 PM

Suncor Energy is facing criticism after announcing plans to divest its wind and solar assets to focus on hydrogen and renewable fuels instead.

The move to sell eight wind power projects in Saskatchewan, Alberta and Ontario comes as a new UN report on climate change says wind and solar technologies are the two best avenues to fight climate change.

The Calgary-based energy giant – which has set a goal of achieving net-zero emissions by 2050 –says selling the assets will bring more “fit and focus” to its portfolio.

But Greenpeace Canada says the timing of Suncor’s announcement is akin to “buying Blockbuster stock the day Netflix launches an IPO.”

One of Suncor’s Alberta projects is the Forty Mile Wind Power Project southeast of Bow Island. The project is designed to be developed in two phases for a total of 400 megawatts (MW), with the first phase consisting of 200 MW. It is expected to start generating power later this year.

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This report by The Canadian Press was first published April 5, 2022.

The Canadian Press