BluEarth Renewables
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.
- Company typePrivate
- Founded2010
- HeadquartersCalgary, Canada
- Headcount101–250
- GTM typeB2B
- OfferingServices
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).
BluEarth Renewables firmographics
Firmographics- 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
BluEarth Renewables industry classification
Industry- 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
Where BluEarth Renewables is headquartered
LocationHeadquarters
- HQ city
- Calgary
- HQ country
- Canada
- HQ region
- North America
Offices1 record
Markets served
BluEarth Renewables business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Infrastructure, Operations, Supply Chain, Personnel, Technology or R&D, Marketing or Sales
Revenue model
- 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.
- 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
BluEarth Renewables product offering
Product offeringCore 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
Companies that use BluEarth Renewables
Customer profileNamed customers8 records
Segments4 records
Ideal customer profiles4 records
BluEarth Renewables technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
BluEarth Renewables partnerships and signals
Strategic signalPartnerships
Eleven partnerships are on record, tiered strategic and core.
- W8banakistrategicFramework agreement establishing a mutually beneficial relationship throughout the ndakina territory. Partnership focuses on developing renewable energy projects with indigenous communities.
- Oregon Jack Creek BandcoreEqual 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.
- PacifiCorpstrategicPacifiCorp signed a 280 MW Power Purchase Agreement for the Two Rivers Wind Project in Wyoming.
- City of EdmontonstrategicCity of Edmonton signed a Power Purchase Agreement with BluEarth for renewable energy supply.
- Shell EnergystrategicShell Energy signed a long-term Power Purchase Agreement for the Hand Hills Wind Project in Alberta.
- Conklin Métis Local 193strategicCo-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.strategicMultiple 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 EnergystrategicDirect 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)corePartnership 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 GroupcorePartnership 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 NationcorePartnership 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
BluEarth Renewables competitors and assessment
Company assessmentDirect 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
BluEarth Renewables social profiles
Digital presenceBluEarth Renewables financial estimates
Financial estimateRevenue estimate
Valuation estimate
BluEarth Renewables leadership team
Management profileNumber of profiles
Profiles9 records
BluEarth Renewables subsidiaries and ownership
Company hierarchySubsidiaries3 records
BluEarth Renewables funding detail
Funding detailFunding overview
Funding rounds1 record
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
BluEarth Renewables M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about BluEarth Renewables
What does BluEarth Renewables do?
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.
Is BluEarth Renewables a public or private company?
BluEarth Renewables is a private company. It is classified as private equity controlled and is currently operating.
When was BluEarth Renewables founded?
BluEarth Renewables was founded in 2010. It employs 101 to 250 people.
Where is BluEarth Renewables based?
BluEarth Renewables is headquartered in Calgary, Canada, in the North America region.
How does BluEarth Renewables make money?
Two revenue lines are on record. Power Purchase Agreements (PPAs) is the primary driver. The others are third-Party Operating Support.
Who are BluEarth Renewables's main competitors?
Direct peers on record are Pattern Energy Group, Clearway Energy Group, Northland Power, EDF Renewables North America, Boralex, Capstone Infrastructure Corporation and Innergex Renewable Energy. Broad incumbents are TransAlta Corporation, Enel Green Power and Brookfield Renewable Partners.
Does BluEarth Renewables have an API?
No public API is recorded for BluEarth Renewables.
What industry is BluEarth Renewables in?
BluEarth Renewables's product category is Independent Power Production (Renewable Energy). Its primary akta.pro industry code is EUACAFAF, Wind Farm Ownership & Operations (IPP/Utility-Owned Asset Operations), with a secondary code of EUAMAMAD, PPA Origination, Structuring & Offtake Contracting (Physical/Financial, Sleeves). Its NAICS code is 221115 and its SIC code is 4991.