FAQ

Orphan well sites present an opportunity for Renewal to capitalize on. This is due to the existing roads and electrical infrastructure that Renewal can utilize, reducing costs for multiple parties involved in the process. These parties include the orphan well association, municipalities, investors, and Renewal itself. The solution not only provides clean, renewable energy to the electricity grid, but it also helps in the cleanup of abandoned well sites that may have contamination or methane leakage.

No. RenuWell projects are either micro-generation or community generation, which means they are typically under 1 MW. As a result, they are not subject to the terms of the pause on renewables in August 2023.

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Facilities with capacities of 500/750/100KW can be installed on RenuWell sites.

Renewal leverages local installers to install their solar assets. The availability of solar panels will depend on the market and the preference of the solar installer. Typically, these panels are utility-grade panels.

Like any solar installation, a RenuWell solution is highly scalable. Adding more sites will increase the size of your aggregated facility. With the power of virtual power plants, a facility with many sites functions electrically the same as a large solar installation.

RenuWell focuses on inactive and orphaned wells. While this model is applicable to many other types of land, we are currently addressing two problems simultaneously: reclaiming potentially problematic well sites and providing clean energy to the grid. This allows us to kill two birds with one stone.

RenuWell works with service providers to reclaim the land according to the regulations set by the Alberta government. Once the reclamation certificate is obtained, Renew Well facilitates the lease to its customers to initiate the solar site development. For portfolio projects RenuWell is the leasee.

Depending on the project, RenuWell will either claim credits themselves to enhance their portfolio or pass them to the customer for cost savings and additional revenue for their projects.

Yes, there are typically many subsidies and grants available for customers interested in installing solar generation on their lease or land. These programs are offered by various institutions. RenuWell recommends that you consider these options when evaluating RenuWell as a solution.

The RenuWell business model takes advantage of the fact that no roads or electrical infrastructure need to be removed in order to reclaim the wellsite. This results in significant cost savings for the industry and also benefits solar development, which would typically have to install such infrastructure. The amount of savings for each site will vary greatly, but can reach up to 80% for open glass reclamation and 20% for solar developments.

RenuWell operates on a small scale, which means that many of the regulatory hurdles required for large solar developments are not needed for renewal projects. This is one of the competitive advantages of choosing a RenuWell site, as it allows for faster timelines and lower costs to get a project off the ground.

Yes, when available, RenuWell sites can be set up as microgeneration.

RenuWell takes a unique approach by leveraging small-scale generation two aggregates into larger projects. While this requires more overhead to get multiple sites up and running, the cost savings and avoidance of other regulatory requirements balance out to be competitive with large-scale projects. The advantage of doing small scale is that the timelines are much shorter. Therefore, depending on the solar developer's project requirements, RenuWell's solution is highly valuable in certain applications.

The current electricity capacity in Alberta's market is approximately 13-16GW. It is expected to grow threefold or more over the next two decades as more individuals and industries switch to electrification. There are no foreseeable issues with oversupply in the future. However, the cost of electricity is increasing due to several factors, such as higher gas prices compared to previous years, the shutdown of coal plants, and general inflation. Currently, there is a strong push to lower costs for consumers, which is driving the need for increased competition in the generation market.

Renewal has several partners in the regulatory utility and solar industries. Our main partners include the Orphan Wall Association, solar installers across the province, and various customers who integrate with our operations and enable us to have ownership in solar facility investments. A common application of this partnership is a solar cooperative throughout the province.

Yes. Contact us directly for investment opportunities. Community projects will typically be leveraged through a community association or community co-op, which you can reach out to for your own personal investment.

Renew Well not only enables the installation of clean electricity on the grid but also works to reclaim, orphan, and deactivate well sites that could potentially be leaking methane into the atmosphere.