Suncor getting out of wind and solar; will shift focus to hydrogen and renewable fuel

Sunbridge Wind Power Facility, Gull Lake. One of Saskatchewan’s first wind farms, the Sunbridge facility is now 20 years old, and nearing end of life. Photo by SaskPower

CALGARY — Canadian energy company Suncor says it is getting rid of its wind and solar assets.

In a news release Monday, the Calgary-based company says it still intends to be net-zero emissions by 2050, but will accelerate progress towards that target by focusing on hydrogen and renewable fuels instead.

Suncor says its strategy for hitting the 2050 goal is also focused on increasing shareholder returns.

The company says it has developed eight wind power projects since 2002 in three provinces — Saskatchewan, Alberta and Ontario.

The news release says efforts to hit the 2050 net-zero goal also include replacing coke-fired boilers at its Base Plant oilsands project near Fort McMurray, Alta., with lower emission cogeneration units, as well as accelerating commercial-scale deployment of carbon capture technology.

It also notes it’s partnering with ATCO on a project to build a world-scale hydrogen project in Alberta and deploying next-generation renewable fuel technologies like LanzaJet’s sustainable aviation fuel technology and Enerkem’s waste-to-fuels technology.

This report by The Canadian Press was first published April 4, 2022.

Companies in this story: (TSX:SU)

The Canadian Press

News from © The Canadian Press, 2022. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

• 0091 WBPC_2025_30_SEC_PROMO_RANJITH
  0091 WBPC_2025_30_SEC_PROMO_RANJITH
• 0090 WBPC_2025_30_SECOND_PROMO_DAN
  0090 WBPC_2025_30_SECOND_PROMO_DAN
• 0089 WBPC_2025_30_SEC_PROMO_ERIK
  0089 WBPC_2025_30_SEC_PROMO_ERIK
• 0046 City of Estevan This is Estevan Teaser
  0046 City of Estevan This is Estevan Teaser
• 0088 WBPC_2025_30SEC_PROMO
  0088 WBPC_2025_30SEC_PROMO
• 0087 Lori Carr Coal Expansion
  0087 Lori Carr Coal Expansion
• 0086 Sask Gov Oil and Gas Incentive Programs
  0086 Sask Gov Oil and Gas Incentive Programs
• 0085 Turnbull snow removal call office
  0085 Turnbull snow removal call office
• 0084 EMP Metals Pipeline Online
  0084 EMP Metals Pipeline Online
• 0077 Caprice Resources Stand Up For Free Speech
  0077 Caprice Resources Stand Up For Free Speech
• 0076 Latus only
  0076 Latus only
• 0061 SIMSA 2024 For Sask Buy Sask
  0061 SIMSA 2024 For Sask Buy Sask
• 0055 Smart Power Be Smart with your Power office
  0055 Smart Power Be Smart with your Power office
• 0051 JML Hiring Pumpjack assembly
  0051 JML Hiring Pumpjack assembly
• 0049 Scotsburn Dental soft guitar
  0049 Scotsburn Dental soft guitar
• 0041 DEEP Since 2018 now we are going to build
  0041 DEEP Since 2018 now we are going to build
• 0032 IWS Summer hiring rock trailer music
• 0022 Grimes winter hiring
• 0021 OSY Rentals S8 Promo
• 0018 IWS Hiring Royal Summer
• 0013 Panther Drilling PO ad 03 top drive rigs
• 0011
• 0006 JK Junior
• 0002 gilliss casing services
  0002 gilliss casing services
• 9002 Pipeline Online 30 sec EBEX
  9002 Pipeline Online 30 sec EBEX
• 9001