Capstone inks PPA for 192-MW wind project in Alberta, orders SG turbines
Source: Siemens Gamesa Renewable Energy SA (www.siemensgamesa.com)
May 10 (Renewables Now) - Capstone Infrastructure Corp (TSE:CSE-A) has clinched a long-term deal to sell power from 105 MW of wind turbine capacity coming from its 192-MW Wild Rose 2 wind project in the Canadian province of Alberta.
Under a 15-year power purchase agreement (PPA), the Canadian renewable energy investor will supply electricity and associated renewable attributes to compatriot Pembina Pipeline Corp (TSX:PPL; NYSE:PBA). The off-take deal, announced by Capstone on Sunday, supports the sustainability goals of energy transportation and midstream service provider Pembina.
Planned to be installed in Alberta’s Cypress County, the Wild Rose 2 park is set to become Capstone’s largest wind farm in operation, once up and running. The project is currently under development and will be realised at a total cost of some CAD 360 million (USD 277.2m/EUR 261.9m).
Capstone said it has signed a turbine supply agreement with Siemens Gamesa Renewable Energy to equip the plant with 38 units of the turbine manufacturer’s SG 5.2-145 machines. Construction works on the project are scheduled to commence later this year.
Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.