BluEarth Renewables

What BluEarth Renewables does

BluEarth Renewables Inc. is a Calgary-based, privately held independent power producer (IPP) founded in December 2010 by the former principals of Canadian Hydro Developers Inc., the Canadian renewable energy company sold for over $1.6 billion in 2009. The company acquires, develops, builds, owns, and operates utility-scale wind, solar photovoltaic, run-of-river hydroelectric, and battery storage facilities across Canada and the United States, with an operational portfolio exceeding 780 MWAC (gross) and a development pipeline of more than 7 GW.

Its core technology stack centers on standard utility-scale renewable generation assets: horizontal-axis wind turbines, bifacial solar PV modules paired with single-axis trackers, run-of-river hydroelectric plants, and battery storage systems. BluEarth differentiates through its integrated project development capability (conception through construction to operations) and deep co-development partnerships with Indigenous communities, formalized through joint-venture limited partnerships such as Nodin Kitagan (Batchewana First Nation), shQUAQUash Energy (Nlaka'pamux Nation Tribal Council), and co-ownership arrangements with Conklin Métis Local 193 and Oregon Jack Creek Band.

BluEarth monetizes generation primarily through long-term (20-30 year) Power Purchase Agreements with utilities (PacifiCorp, BC Hydro, Direct Energy), governments (Alberta Infrastructure, City of Edmonton), and corporate offtakers (Shell Energy, RBC, Bullfrog Power). A secondary revenue stream comes from third-party operations and maintenance services covering more than 300 MW of wind and solar assets across North America. The company is backed by institutional equity from Ontario Teachers' Pension Plan Board and ARC Financial Corp., and is currently led by President and CEO Arun Banskota (effective February 2026).

Name

BluEarth Renewables

Legal name

BluEarth Renewables Inc.

Website

https://bluearthrenewables.com

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

101–250 employees

Short description

BluEarth Renewables is a Calgary-based private independent power producer that develops, owns, and operates utility-scale wind, solar, hydroelectric, and storage facilities across Canada and the U.S., selling output under long-term PPAs to utilities, governments, and corporations.

Ownership category

akta.pro rank

Product category

Independent Power Production (Renewable Energy)

NAICS

Wind Electric Power Generation (221115), Solar Electric Power Generation (221114), Hydroelectric Power Generation (221111), Electric Power Generation (22111)

SIC

Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

Wind Farm Ownership & Operations (IPP/Utility-Owned Asset Operations) (EUACAFAF)

akta.pro secondary industries

PPA Origination, Structuring & Offtake Contracting (Physical/Financial, Sleeves) (EUAMAMAD), Utility-Scale Generator PPAs (Project Offtake) (EUAGADAB), C&I PPAs & Virtual PPAs (VPPA) Origination & Management (EUAGACAF), Corporate PPAs (C&I Offtake; Sleeved/Virtual/Physical) (EUAGADAA), Onshore Wind Power Generation (Utility-Scale) (EUACAFAA)

Keywords

• Renewable energy generation
• Independent power production
• Wind power facilities
• Solar power facilities
• Power purchase agreements

Headquarters

HQ city

Calgary

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Supply Chain, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. Power Purchase Agreements (PPAs): Long-term contracts to sell electricity generated from wind, solar, and hydro facilities to utilities, governments, and corporate customers. PPAs typically run for 20-30 years providing stable, long-term cash flows.
2. Third-Party Operating Support: Providing operations and maintenance services for over 300 MW of wind and solar facilities across North America owned by third parties.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

BluEarth Renewables acquires, develops, builds, owns and operates wind, solar, hydroelectric and battery storage facilities across North America. The company generates revenue through long-term Power Purchase Agreements (PPAs) of 20-30 years with utilities, governments and corporate customers, and provides third-party operations and maintenance services for over 300 MW of wind and solar assets.

Product overview

BluEarth Renewables is a leading independent power producer that acquires, develops, builds, owns, and operates renewable energy facilities across North America. The company's core portfolio includes wind energy facilities, solar energy facilities, hydroelectric facilities, and energy storage projects. BluEarth offers project development services and provides third-party operating support for over 300 MW of wind and solar assets. The portfolio includes over 750 MWAC in operation/under construction/PPA and over 7 GW of development projects. Notable projects include the quA-ymn Solar Facility (province's first major commercial solar facility), Hand Hills Wind Facility (145 MW), Frontier Sky Solar Project (up to 650 MW in Colorado), Lucky Star I Wind Project (500 MW in Wyoming), and various other solar and wind facilities across Canada and the United States.

Differentiator

Problem solved

Functional benefit

Brands

• ACES (Aboriginal Clean Energy Scholarship): Scholarship program providing financial support of $3,000 per academic year and skills development opportunities for Canadian aboriginal students pursuing clean energy-related education.

Products and services

• Wind Energy Facilities Wind power generation facilities including operating wind farms and development-stage wind projects across North America, with current operational capacity of 246 MW (gross).
• Solar Energy Facilities

Quantifiable outcome

• Over 780 MWAC (gross) in operation or with PPA
• +2 more outcomes

Named customers8 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Eleven partnerships are on record, tiered strategic and core.

• W8banakistrategicStrategic or Co-development Partner · 20 May 2025Framework agreement establishing a mutually beneficial relationship throughout the ndakina territory. Partnership focuses on developing renewable energy projects with indigenous communities.
• Oregon Jack Creek BandcoreStrategic or Co-development Partner · 1 January 2024Equal partnership with Oregon Jack Creek Band for m.ah a temEEwuh (formerly ShTSaQU) Solar Project (104 MW) near Logan Lake, BC. The project was awarded a 30-year Electricity Purchase Agreement with BC Hydro in 2025. Also partnered for m.ah a temEEwuh Phase II Solar Project.
• PacifiCorpstrategicGTM or Marketing Partner · 11 October 2022PacifiCorp signed a 280 MW Power Purchase Agreement for the Two Rivers Wind Project in Wyoming.
• City of EdmontonstrategicGTM or Marketing Partner · 22 June 2022City of Edmonton signed a Power Purchase Agreement with BluEarth for renewable energy supply.
• Shell EnergystrategicGTM or Marketing Partner · 8 April 2021Shell Energy signed a long-term Power Purchase Agreement for the Hand Hills Wind Project in Alberta.
• Conklin Métis Local 193strategicStrategic or Co-development Partner · 5 January 2021Co-ownership partnership with Conklin Métis Local 193 for Hays and Jenner solar projects in southeast Alberta. Projects supply approximately a third of Alberta government's electricity consumption.
• Canadian Solar Inc.strategicTechnology or Integration · 1 January 2020Multiple transactions with Canadian Solar including acquisition of Suffield Solar Project (23 MWac), Hays and Jenner solar projects (23 MWac each), and other solar portfolios. Canadian Solar provided high-efficiency bifacial modules and single-axis trackers for projects.
• Direct EnergystrategicGTM or Marketing Partner · 1 January 2020Direct Energy purchases electricity from the Suffield Solar Project once operational. Direct Energy is one of the largest energy and energy-related service providers in North America with almost one million residential, business and wholesale customers in Alberta.
• Nlaka'pamux Nation Tribal Council (NNTC)coreStrategic or Co-development Partner · 1 January 2019Partnership with NNTC for quA-ymn Solar Project. NNTC began development work in 2011, forming partnership with BluEarth in 2019. Project achieved commercial operations on June 19, 2025. The project is located on 24 hectares of reclaimed land at Teck Highland Valley Copper Operations near Kamloops, B.C. Partnership focused on maximizing Indigenous ownership and creating long-term revenue streams for communities.
• Clearway Energy GroupcoreStrategic or Co-development Partner · 1 January 2018Partnership with Clearway Energy Group for development, construction, and operation of Two Rivers Wind Project (up to 280 MW) in Wyoming, with each party as 50% equity owners. Also partnered for Lucky Star I Wind Project (500 MW).
• Batchewana First NationcoreStrategic or Co-development Partner · 1 January 2012Partnership through Nodin Kitagan Limited Partnership for Bow Lake Wind Project (58.32 MW). Represents one of the largest economic partnerships between a First Nation and a wind energy developer in Canada. Batchewana First Nation acquired full ownership of Bow Lake Wind Facility from BluEarth in September 2024.

Scale indicators9 records

Recent moves8 records

Expansion highlights4 records

Direct peers

• Pattern Energy Group: North American renewable IPP with utility-scale wind, solar, and storage projects and transmission assets. Competes for project acquisitions and development pipeline across the same geographies.
• Clearway Energy Group: US-focused renewable IPP owning and operating wind, solar, and storage assets. Notably, Clearway is also an active BluEarth partner (50/50 on Two Rivers Wind and Lucky Star I), making it both a peer and joint-venture counterparty.
• Northland Power: Canadian power producer with renewable and thermal assets across North America and Europe, including offshore wind development. Comparable in geographic focus (Canada/US) and contracted-revenue business model.
• EDF Renewables North America: North American renewable development and IPP subsidiary of EDF, developing and operating utility-scale wind, solar, and storage projects. Direct competitor for project development opportunities in the same US and Canadian markets.
• Boralex: Quebec-based IPP operating wind, solar, and storage facilities across Canada, the US, and Europe with a comparable long-term PPA offtake model. Similar Canadian heritage and multi-technology strategy.
• Capstone Infrastructure Corporation: Canadian diversified infrastructure company with wind, solar, hydro, and district energy assets, primarily in Canada. Closest mid-sized Canadian IPP peer by business model and asset mix.
• Innergex Renewable Energy: Canadian independent renewable power producer with a comparable multi-technology portfolio (wind, solar, hydro, storage) selling electricity under long-term PPAs across North America. Closest in scale, technology mix, and offtake model to BluEarth.

Broad incumbents

• TransAlta Corporation: Alberta-headquartered power generator with significant wind and hydro assets across Canada and the US. Competes with BluEarth for Alberta and broader Canadian renewable offtake and development sites.
• Enel Green Power: Global renewable IPP with significant North American utility-scale wind, solar, and storage operations through Enel Green Power North America. Competes for US development pipeline and PPA offtake contracts at scale.
• Brookfield Renewable Partners: One of the world's largest publicly traded renewable power platforms with a diversified hydro, wind, solar, and storage portfolio globally. Sets the benchmark for institutional-grade North American renewable IPPs against which BluEarth competes for assets and capital.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/BErenewables
• YouTubeyoutube.com/watch?v=QzVl9YYuBCk
• Facebookfacebook.com/148033968551960
• LinkedInlinkedin.com/company/bluearth-renewables-inc.

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries3 records

Funding overview

Funding rounds1 record

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about BluEarth Renewables