Login Search Infrastructure Equity Credit About Team ESG News Careers Contact Cascade Power – Accelerating Canada’s transition to renewable energy generation Case study View all investments Overview of investment The Cascade Power Project located in Alberta, Canada is a 900-megawatt low emissions electricity generating facility, due to be built in 2023 and expected to supply over 8% of the province’s average demand. Cascade is strategically situated in proximity to significant gas reserves as well as the NGTL System – a 25,000 km pipeline system – that means the project can avoid disrupting adjacent land and biodiversity. Public benefits: Catalysing local economic development Lowering emissions Facilitating energy transition Sector Utilities Investment date August 2020 Fund DIF VI DIF ownership stake 33.3% 900MW Energy generation capacity 62% Less CO2 expected amount of GHG prevented each year. The equivalent per MWh than coal-fired generation 625+ Total jobs created ESG impacts Canada is committed to slashing greenhouse gas emissions by up to 45% by 2030 and key to achieving this will be a transition away from the coal-fired power generation which provides almost half of Alberta’s electricity. Remarkably, Alberta currently contributes over 50% of Canada’s GHG emissions. Natural gas is an important bridging fuel in this transition and the 900-megawatt natural-gas fired Cascade electricity generating facility, will result in one of the largest emissions reduction opportunities in Canada’s electricity sector. The project will also provide local economic benefits, creating over 3 million work hours of labour and 600 jobs during the construction of the project which are being sourced from the local Alberta community. Crucially the project aims to retrain workers from the ‘old energy’ sector helping ensure they are not left behind by the low carbon transition. The project maintains a robust social commitment to the people and communities it serves. Cascade is currently working with the Alberta Indigenous Opportunities Corporation (AIOC), to help support education for the indigenous First Nations people to train for relevant power plant operations roles. “Local workers from the coal industry are being retrained to build a power facility that will significantly reduce greenhouse gas emissions in Canada. Creating local economic opportunity is just as critical as emissions reductions to a successful energy transition, and the Cascade Project aims to show we can achieve both.” Vincent Liu, Managing Director, DIF Capital Partners Further case studies Previous A150 – Improving travel and logistics efficiency of road transport in France Sector – Long distance rail Next Netherlands (HQ) +31 20 717 3151 Australia +61 2827 89790 Canada +1 437 538 3873 Chile +56 2 2402 4929 France +33 1 7170 4040 Germany +49 69 7191 8970 Luxembourg +352 26 27 21 22 Spain +34 91 737 87 78 United Kingdom +44 20 3873 2333 United States - © 2021 Disclaimer