CIP, Greengate start construction of 465-MW solar plant in Alberta

Solar park. Author: iamme ubeyou. License: CC0 1.0 Universal.

June 23 (Renewables Now) - Copenhagen Infrastructure Partners P/S (CIP) and Calgary-based renewables developer Greengate Power Corporation have initiated the construction of a 465-MW solar park in Alberta that will become the largest one in Canada.

The Travers Solar project is expected to require about CAD 700 million (USD 570m/EUR 477m) in total investments to be realised and it is CIP’s first investment in the country. The scheme calls for the installation of about 1.3 million monocrystalline bifacial photovoltaic (PV) panels, provided by Jinko Solar Canada, on a site in Vulcan County.

PCL Construction is undertaking the construction work and is seen to complete the plant by the end of next year. CIP is funding the project and Greengate will keep an ongoing economic interest of an undisclosed amount.

According to the press statement, US e-commerce giant Amazon.com Inc (NASDAQ:AMZN) has inked a corporate power purchase agreement (PPA) to offtake up to 400 MW from that particular project.

Earlier in the day, Amazon itself made an announcement with regard to a 375-MW solar project in Canada, which it said is its second in Alberta.

(CAD 1.0 = USD 0.814/EUR 0.681)

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Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

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