Hanwha Power and Canada's Pembina Pipeline have signed a memorandum of understanding to collaborate on lower-carbon power generation. The partnership focuses on developing sustainable energy projects to reduce emissions in the power sector. This agreement combines Hanwha's experience in renewable energy with Pembina's infrastructure and energy expertise in the Canadian market. The two companies aim to identify and execute projects that support the transition to a low-carbon economy.
Log in to join the discussion
Hanwha and Pembina are teaming up for low carbon power in Canada. It is a standard MOU for now, but worth watching to see if they actually break ground on specific projects.
MOUs are mostly just PR. I want to know where the interconnection points are and if they have a real timeline for capacity. Does Pembina have the grid access ready for this?
The real driver here will be the Canadian federal tax credits for clean electricity. If the incentives align, this moves from a handshake to a project quickly.
Interesting to see a pipeline company like Pembina pivoting toward power generation. They have the land and the capital, but the execution risk on renewables is different from midstream oil.
