Capstone inks PPA for 192-MW wind project in Alberta, orders SG turbines

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.

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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.

(CAD 1.0 = USD 0.770/EUR 0.727)