Nu E Power signs LOI to buy 145 MW Alberta solar-plus-storage project for about CAD 7.25 million

• Nu E Power signed a non-binding LOI to buy 100% of three Alberta project companies holding the 145 MWac Hays solar project.
• Transaction includes a proposed 61.5 MW/123 MWh battery system with no separate consideration.
• Purchase price set at CAD 50,000 per MWac of final approved solar capacity, implying about CAD 7.25 million at 145 MWac.
• CAD 100,000 due at closing, then milestone-based payments tied to Notice to Proceed and commercial operation.
• Deal remains subject to due diligence, definitive agreements, land lease conversion, ending a third-party co-development arrangement, approvals.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Nu E Power Corp. published the original content used to generate this news brief via Newsfile (Ref. ID: 202608240927NEWSFILECNPR____20260824_311042_1) on August 24, 2026, and is solely responsible for the information contained therein.