Suncor, a Canadian energy firm, has announced the sale of its wind and solar assets.
In a press statement, the Calgary-based firm stated that it still plans to achieve net-zero emissions by 2050, but that it will make faster progress by focusing on hydrogen and renewable fuels.
Suncor’s plan for achieving the 2050 target includes a focus on boosting shareholder returns, according to the company.
Since 2002, the business claims to have built eight wind generating projects in three provinces: Saskatchewan, Alberta, and Ontario.
The company’s efforts to meet the 2050 net-zero goal include replacing coke-fired boilers at its Base Plant oilsands project near Fort McMurray, Alta., with lower-emission cogeneration units, as well as accelerating the commercial-scale deployment of carbon capture technology, according to the news release.
It also says it’s working with ATCO on a world-scale hydrogen project in Alberta, as well as implementing next-generation renewable fuel technologies including LanzaJet’s sustainable aviation fuel technology and Enerkem’s waste-to-fuels technology.
