NU E Power Corp has signed a

Letter of Intent

to sell a Canadian solar and storage portfolio to Green Harbor Partners, covering the

Lethbridge Two

,

Lethbridge Three

, and

Hanna

projects in Alberta. The transaction is structured as an equity sale, conditional on development milestones, financing, and regulatory approvals.

The key insight is structural: NU E Power is monetizing development risk while preserving upside. With just

~$2.6 million

invested to date, or roughly

$5,150 per MW

, the company has secured the right to exit at multiple stages while retaining options for

royalties or carried interest

post-sale.

Pricing escalates with execution. Current milestones support proceeds of

$50,000–$150,000 per MW

, while shovel-ready valuation could reach

$395,000–$700,000 per MW

. Payments are staged—

10%

at signing,

50%

at closing,

30%

at construction start, and a final

10%

at COD—shifting risk forward to capital that can carry it.

The asset base totals

503.5 MWac

of utility-scale solar with

~100 MW

of integrated BESS. Two projects are already

AUC-approved

, with CODs ranging from

2026 to 2028

, and all sites have secured land control and advancing interconnection.

This deal signals a clear market behavior: developers are favoring flexible exits that convert early-stage capital into liquidity, without forfeiting participation in long-term cash flows once projects are de-risked.

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