HFCRD Receives $27,796 Carbon Credit Through Bull Creek Wind Project
Posted: May 26, 2017
oly Family Catholic Regional Division (HFCRD) was pleased to receive the first carbon offset payment of $27,796 from the Bull Creek Wind Project. This credit is from HFCRD’s share of the sale of the carbon emission reductions from January to December 2016 that were registered by BluEarth Renewable on the Alberta Emission offset Registry. With the price of carbon for large industrial emitters rising to $20 per tonne in January 2017 and it being projected to rise to $30 per tonne in January 2018, the value of HFCRD’s carbon credits are expected to increase by 16.6% in 2017 and 50% in 2018.
“We are very excited to report that green energy has been a worthwhile investment for HFCRD to date,” said Board Chair Kelly Whalen. “We look forward to many more years of partnership with the Alberta Schools Community Purchasing Consortium as we work toward being green energy leaders in education.”
HFCRD is among 24 Alberta school divisions that entered in the Alberta Schools Commodity Purchasing Consortium (CPC) in 2005 in response to the volatile energy prices in the early 2000s. The aim of the CPC was to find an alternative energy source that was also more stable. The CPC is expected to reduce an estimated 80,000 tonnes of greenhouse gas emissions annually, which is equivalent to the emissions of 16,842 passenger vehicles. Each division in the CPC signed a 25 year contract, and is now earning annual rebates. School divisions are expected to earn their investment back in approximately 15 years, with the strong probability that the project will become profitable in the remaining 10 years of the contract.
In order to change to wind energy, the CPC created the Bull Creek Wind Facility. The project included the construction of 17 turbines located 20km Northeast of Provost, as well as access roads, power lines, distribution-level connection equipment and an operations facility. The CPC contracted the construction of the Bull Creek Wind Facility to BluEarth Renewable Energy Inc. of Calgary through a competitive public process. The facility began full operations at the beginning of January 2016 and has a nameplate capacity of 29 megawatts, producing enough renewable energy annually to power nearly 500 school facilities across Alberta.
More information about the Bull Creek Wind Project can be found here http://www.bluearthrenewables.com/portfolio/bull-creek-wind-project/ and a video about the project can be found here https://www.youtube.com/watch?v=nN7v4E6oBOA&feature=youtu.be.