Weekly renewables M&A round-up (Jun 27-Jul 1)
Jul 01, 2022 17:05 CESTCapstone sells 78 MW of renewable attributes from Alberta wind project
Canada wind farm. Author: Wilson Hui. License: Creative Commons
June 23 (Renewables Now) - Toronto-based energy investor Capstone Infrastructure Corp (TSE:CSE-A) announced that it has signed an agreement to supply renewable attributes worth 78 MW from its future wind farm to the city of Edmonton in Alberta, Canada.
The renewable attributes will be generated by the 192-MW Wild Rose 2 wind farm in Cypress County, Alberta. The CAD-360-million (USD 277.6m/EUR 264.1m) project is currently in development, with construction expected to start later this year.
The so-called Renewable Attributes Purchase Agreement (RAPA) covers a period of over 20 years, and is said to be the largest long-term procurement of renewable energy attributes by a Canadian city to date.
Alberta's capital city has now joined Pembina Pipeline Corp (TSE:PPL) in supporting Capstone's wind project. The Canadian oil-and-gas infrastructure operator recently procured electricity and renewable attributes from a 105-MW portion of Wild Rose 2 under a 15-year power purchase agreement (PPA).
(CAD 1.0 = USD 0.771/EUR 0.734)
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