TORONTO, February 11 2022 /3BL Media/ - Scotiabank and Evolugen, the Canadian operating business of Brookfield Renewable (NYSE: BEP) (NYSE: BEPC) (TSX: BEP.UN) (TSX: BEPC), today announced the signing of a 15-year renewable energy PPA for solar energy in Alberta from a new, to-be-constructed ~40 MW project, northeast of Cardston, Alberta. Once operational, Scotiabank will become the sole proprietor, purchasing 100% of the emission-free renewable electricity generated by the facility to help reduce its greenhouse gas (GHG) emissions.

The agreement supports Scotiabank's气候承诺– the Bank's comprehensive approach to addressing climate change including decarbonizing its own operations and supporting clients in the transition to a low-carbon economy.

"We are extremely proud to embark on our partnership with Evolugen for the purchase of renewable power enabling us to more than offset our electricity carbon footprint across Canada," says Stephen Morson, Senior Vice President, Real Estate at Scotiabank. "We recognize the unique role we can play in the transition to a low-carbon, more resilient economy and this PPA agreement not only achieves our goal of securing 100% non-emitting electricity in Canada by 2025, but it also allows us to contribute to the growth of renewable energy development in Canada – a positive outcome for all involved."

Construction of春季库利太阳能is scheduled to begin in Summer 2022 with operations commencing in 2023. In its first year, Evolugen's春季库利太阳能facility is expected to generate close to 60,000 MWh of renewable electricity, the equivalent of powering approximately 9,000 Alberta homes per year. Through the power generated by more than 70,000 bi-facial photovoltaic solar panels, the project will save approximately 30,000 metric tonnes of GHG emissions annually. The project will also see the creation of up to 100 new construction jobs in Alberta with operations injecting more than $48 million into the local economy.

Evolugen首席执行官JoséeGuibord说：“我们很高兴与我们的长期合作伙伴Scotiabank合作，以帮助他们实现脱碳目标。”“展望未来，鉴于我们的运营和开发专业知识，获得资本和高质量的开发网站，我们与艾伯塔省的公司合作良好，以提供一流的清洁能源解决方案。”

About Evolugen

Evolugen目前在加拿大拥有并拥有61个可再生能源设施，其中包括33个水力发电设施，4个风电场和24个太阳能站点，总安装容量为1,912兆瓦。作为可再生能源行业的领导者，Evolugen提供了可持续的解决方案，旨在加快加拿大低碳未来的过渡。Evolugen是Brookfield Reenwable Partners L.P. Company（NYSE：BEP; TSX：BEP.UN）。

About Scotiabank

Scotiabank is a leading bank in the Americas. Guided by our purpose: "for every future", we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. With a team of approximately 90,000 employees and assets of approximately $1.2 trillion (as at October 31, 2021), Scotiabank trades on the Toronto Stock Exchange (TSX: BNS) and New York Stock Exchange (NYSE: BNS). For more information, please visithttp://www.scotiabank.comand follow us on Twitter @ScotiabankViews.

SOURCE Scotiabank

菲奥娜·约翰斯顿（Fiona Johnston），《全球通讯》，斯科相信，（416）275-6748，fiona.johnston@scotiabank.com;RémiMoreau，Evolugen政府与外部关系副总裁，（613）222-6152，remi.moreau@evolugen.com