Sitka Power
Sitka Power is a Calgary-based Canadian renewable energy developer and independent power producer that acquires, builds, and operates small-scale solar, wind, run-of-river hydro, and battery storage assets across British Columbia, Alberta, Saskatchewan, and Ontario, with agrivoltaics as a differentiator.
- Company typePrivate
- Founded2024
- HeadquartersCalgary, Canada
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Sitka Power does
Sitka Power Inc. is a Calgary-headquartered small-scale Canadian renewable energy developer and independent power producer operating across British Columbia, Alberta, Saskatchewan, and Ontario. The company owns and operates a diversified portfolio including six solar installations, one wind project, one battery energy storage system (BESS) in Ontario, one solar project in Saskatchewan, three run-of-river hydro projects, and one regulated utility system in British Columbia, with a near-term development pipeline of three Ontario solar projects totaling 62.37 MWdc (Perth Solar at 12.19 MWdc, Chatsworth Solar at 20.17 MWdc, and Timmins Mountjoy Solar at 30.01 MWdc with a 5 MWac agrivoltaics component). The company's core technology is the development, construction, and operation of renewable generation assets — utility-scale-adjacent solar PV, wind, run-of-river hydro, and battery storage — with a distinguishing agrivoltaics capability that co-locates sheep grazing, beekeeping, and continued cultivation under and around solar arrays. Sitka pursues three growth verticals: (1) acquisition of operating renewable assets, (2) greenfield development through land lease, permitting, and construction, and (3) behind-the-meter "electricity as a service" solar and storage for commercial and industrial customers.
Sitka Power's revenue model is built on long-term electricity sales primarily into the IESO (Independent Electricity System Operator) procurement process in Ontario, supplemented by sales to provincial utilities and grid operators in BC, Alberta, and Saskatchewan; the behind-the-meter vertical introduces a service-style recurring model with C&I customers. Pricing is not publicly disclosed and is established through IESO RFP processes and individual power purchase agreement negotiations. The company is go-to-market through enterprise field sales — securing municipal support resolutions, running public open houses for permitting, and submitting formal IESO long-term RFP bids — with an anticipated Q2 2026 contract award milestone for its three Ontario solar projects. It also operates co-development partnerships: with RECONCEPT Canada (Hamburg-headquartered developer) on Timmins Mountjoy Solar, and with Ontario-based Good Energy Partners (agrivoltaics specialist) on Chatsworth Solar.
Sitka Power is a privately held company backed by a dedicated private infrastructure fund managed by Long Life Capital Inc., a strategic advisor to long-term institutional investors. In January 2026 the company announced the acquisition of Synex Renewable Energy Corporation at C$2.40 per share (~C$25.2M enterprise value), unanimously approved by the Synex board and pending regulatory and shareholder approval; a separate acquisition of Synex International closed on March 27, 2025. The company's senior leadership includes President & CEO Trevor White (former co-founder of two renewable platforms), CFO Warren Coles, COO Marc Haugen (prior senior roles at Enmax and TransAlta overseeing an 8 GW / 900-generator fleet), and CCO/CLO Cory St. Croix (20 years of commercial energy experience, creator of the first Alberta power auction), with Long Life Capital President Sam Langleben as Board Chair.
Sitka Power firmographics
Firmographics- Name
- Sitka Power
- Legal name
- Sitka Power Inc.
- Website
- https://sitka-power.ca
- Company type
- Private
- Founded year
- 2024
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Sitka Power is a Calgary-based Canadian renewable energy developer and independent power producer that acquires, builds, and operates small-scale solar, wind, run-of-river hydro, and battery storage assets across British Columbia, Alberta, Saskatchewan, and Ontario, with agrivoltaics as a differentiator.
- Ownership category
- akta.pro rank
Sitka Power industry classification
Industry- Product category
- Independent Power Production
- NAICS
- Electric Power Generation, Transmission and Distribution (2211), Solar Electric Power Generation (221114), Wind Electric Power Generation (221115), Hydroelectric Power Generation (221111)
- SIC
- Electric Services (4911), Cogeneration Services & Small Power Producers (4991)
- akta.pro primary industry
- Commercial Structuring & Offtake (PPAs, CfDs, Corporate PPAs, Merchant Strategy) (EUAMAAAE)
- akta.pro secondary industries
- Renewable Energy Asset Management (Solar/Wind/Hydro/Geothermal) (EUAEAMAB), Renewable Energy Infrastructure (FSAAAKAG)
Keywords
Where Sitka Power is headquartered
LocationHeadquarters
- HQ city
- Calgary
- HQ country
- Canada
- HQ region
- North America
Offices1 record
Markets served
Sitka Power business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Infrastructure, Operations, Personnel, Marketing or Sales, Technology or R&D, Others
Revenue model
- Electricity Generation Sales: Sitka Power generates electricity from operating renewable energy assets (solar, wind, hydro) and sells power through long-term contracts, primarily with IESO (Ontario) and potentially other utilities. The company also develops projects and may sell electricity as a service for behind-the-meter deployments.
- Project Development and Acquisition: Acquisition of operating renewable energy assets and greenfield project development from land lease through construction to operation, generating revenue through project sales or retained ownership.
Go-to-market motion2 records
Distribution channels2 records
Marketing channels4 records
Sitka Power product offering
Product offeringCore offering
Sitka Power develops, owns, and operates small-scale (5–30 MW) renewable energy generation assets—including solar photovoltaic, wind, run-of-river hydro, and battery energy storage systems—across British Columbia, Alberta, Saskatchewan, and Ontario. The company sells electricity through long-term contracts, primarily to the IESO in Ontario via competitive RFP processes, and offers bespoke behind-the-meter solar and storage deployments to commercial and industrial customers under an electricity-as-a-service model. It also pursues acquisitions of operating renewable assets to expand its portfolio.
Product overview
Sitka Power is a Canadian renewable energy developer and independent power producer headquartered in Calgary, Alberta. The company operates across British Columbia, Alberta, Saskatchewan, and Ontario. Their product portfolio includes three named solar development projects (Perth Solar at 12.19 MWdc, Chatsworth Solar at 20.17 MWdc, and Timmins Mountjoy Solar at 30.01 MWdc with a 5 MWac agrivoltaics component), along with operating assets comprising 6 solar projects, 1 wind project, 1 battery energy storage system, and 3 run-of-river hydro projects in Ontario, Saskatchewan, and British Columbia, plus 1 regulated utility system in British Columbia. The company also offers bespoke behind-the-meter solar and storage deployments as a service.
Differentiator
Problem solved
Functional benefit
Products and services
- Perth Solar A proposed 12.19 MWdc solar energy generation facility located in the Township of Drummond/North Elmsley, Lanark County, Ontario at 908 Churchill Road, developed by Sitka Power to supply electricity under a long-term IESO procurement contract.
- Chatsworth Solar A proposed 20.17 MWdc solar energy generation facility located in the Municipality of Chatsworth, Grey County, Ontario, developed by Sitka Power with development partner Good Energy Partners specializing in agrivoltaics.
- Timmins Mountjoy Solar A proposed 30.01 MWdc solar energy generation facility outside the Township of Timmins, Ontario at 715 Dalton Road, including a 5 MWac agrivoltaics component that allows dual agricultural and solar use of the land.
- Behind-the-Meter Solar and Storage Deployments Bespoke behind-the-meter deployments of solar and battery storage systems sold to commercial and industrial customers as 'electricity as a service,' enabling customers to meet decarbonization targets and reduce grid-purchased electricity without upfront capital outlay.
Companies that use Sitka Power
Customer profileNamed customers4 records
Segments3 records
Ideal customer profiles4 records
Sitka Power technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
Sitka Power partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered major and minor.
- RECONCEPT CanadamajorRenewable energy developer and investor, part of the reconcept Group headquartered in Hamburg, Germany with offices in Berlin, Helsinki, and Toronto. Development partner for Timmins Mountjoy Solar Project. Since 1998 has been developing and financing sustainable energy projects including solar, wind, hydro, and tidal power.
- Good Energy PartnersmajorOntario-based renewable energy developer specializing in agrivoltaics - the dual use of land for agriculture and solar electricity generation. Development partner for Chatsworth Solar Project. Led by experienced leadership team with 50 years collective experience in solar, wind, and battery energy storage assets.
- Synex Renewable Energy CorporationminorTarget of proposed acquisition by Sitka Power Inc. for C$2.40 per share in cash, representing an enterprise value of approximately C$25.2 million. Transaction unanimously approved by Synex board, subject to regulatory and shareholder approval.
Scale indicators4 records
Recent moves6 records
Expansion highlights6 records
Sitka Power competitors and assessment
Company assessmentBroad incumbents
- Innergex Renewable Energy: Canadian independent power producer with operating assets across hydro, wind, solar, and storage across Canada, the U.S., France, and Chile. Comparable as a multi-technology Canadian IPP competing in overlapping procurement markets including IESO RFPs.
- Recurrent Energy (Canadian Solar subsidiary): Global solar project developer and IPP owned by Canadian Solar, active across North America with utility-scale solar and storage developments. Comparable as a solar-focused developer competing for IESO and broader North American procurement opportunities.
- Conergy / EDP Renewables North America: Global renewables developer with a significant North American solar, wind, and storage development pipeline through EDP Renewables. Broad incumbent competing for the same Canadian procurement opportunities as Sitka, albeit at materially larger scale.
- Northland Power: Toronto-listed global power producer with wind, solar, and natural gas assets across Canada, the U.S., Mexico, and other markets. Comparable as a large Canadian IPP with Ontario procurement exposure overlapping Sitka's IESO RFP pipeline.
- Boralex: Quebec-headquartered renewable IPP with a diversified portfolio of wind, solar, hydro, and storage assets across Canada, the U.S., France, and the U.K. Competes with Sitka in Ontario renewable procurement and shares multi-technology Canadian IPP characteristics.
Direct peers
- BluEarth Renewables: Calgary-based renewable energy developer and IPP focused on small-to-mid scale wind, solar, and storage across North America. Highly comparable given similar geography (Western Canada), asset scale orientation, and multi-technology IPP/developer hybrid model.
- Potentia Renewables: Toronto-based independent power producer focused on developing, owning, and operating solar, wind, and battery storage assets in Ontario and other Canadian markets. Direct comparable as a small-to-mid scale Ontario-focused renewable IPP overlapping with Sitka's IESO pipeline strategy.
- Synex Renewable Energy Corporation: British Columbia-based developer and operator of small-scale renewable energy assets including run-of-river hydro. Direct comparable given Sitka's pending C$25.2M acquisition of Synex and overlapping technology (run-of-river hydro) and geographic (BC) footprint.
- Good Energy Partners: Ontario-based renewable energy developer specializing in agrivoltaics — the dual use of agricultural land for solar generation. Direct comparable as Sitka's development partner on Chatsworth Solar with identical agrivoltaics thesis and Ontario solar focus.
- RECONCEPT Canada: Toronto-based arm of Hamburg-headquartered reconcept Group, developing and financing renewable projects including solar, wind, and hydro since 1998. Direct comparable as Sitka's development partner on Timmins Mountjoy Solar and a similarly positioned small-to-mid scale renewable developer active in Ontario.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Sitka Power social profiles
Digital presenceSitka Power financial estimates
Financial estimateRevenue estimate
Valuation estimate
Sitka Power leadership team
Management profileNumber of profiles
Profiles12 records
Sitka Power funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Sitka Power M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Sitka Power
What does Sitka Power do?
Sitka Power develops, owns, and operates small-scale (5–30 MW) renewable energy generation assets—including solar photovoltaic, wind, run-of-river hydro, and battery energy storage systems—across British Columbia, Alberta, Saskatchewan, and Ontario. The company sells electricity through long-term contracts, primarily to the IESO in Ontario via competitive RFP processes, and offers bespoke behind-the-meter solar and storage deployments to commercial and industrial customers under an electricity-as-a-service model. It also pursues acquisitions of operating renewable assets to expand its portfolio.
Is Sitka Power a public or private company?
Sitka Power is a private company. It is classified as private equity controlled and is currently operating.
When was Sitka Power founded?
Sitka Power was founded in 2024. It employs 1 to 10 people.
Where is Sitka Power based?
Sitka Power is headquartered in Calgary, Canada, in the North America region.
How does Sitka Power make money?
Two revenue lines are on record. Electricity Generation Sales are the primary driver. The others are project Development and Acquisition.
Who are Sitka Power's main competitors?
Broad incumbents on record are Innergex Renewable Energy, Recurrent Energy (Canadian Solar subsidiary), Conergy / EDP Renewables North America, Northland Power and Boralex. Direct peers are BluEarth Renewables, Potentia Renewables, Synex Renewable Energy Corporation, Good Energy Partners and RECONCEPT Canada.
Does Sitka Power have an API?
No public API is recorded for Sitka Power.
What industry is Sitka Power in?
Sitka Power's product category is Independent Power Production. Its primary akta.pro industry code is EUAMAAAE, Commercial Structuring & Offtake (PPAs, CfDs, Corporate PPAs, Merchant Strategy), with a secondary code of EUAEAMAB, Renewable Energy Asset Management (Solar/Wind/Hydro/Geothermal). Its NAICS code is 2211 and its SIC code is 4911.