October 25 (Renewables Now) - Canadian developer Potentia Renewables Inc has won a power purchase agreement (PPA) for the output of a 200-MW wind farm in the Canadian province of Saskatchewan.
The 25-year contract was secured in a competitive tender round held by domestic utility SaskPower last year, resulting in average bids of CAD 42 (USD 32.3/EUR 28.2) per MWh, including grid-connection costs. The price offered by Potentia Renewables, which is part of Power Corporation of Canada (TSX:POW), came in well below that, SaskPower announced last week.
The 200-MW Golden South wind park will be located south of the town of Assiniboia, consisting of up to 60 turbines. According to a separate statement by Potentia Renewables, the plant could be commissioned as early as 2021, generating enough electricity for about 90,000 local homes.
SaskPower aims to source up to 50% of Saskatchewan’s power from renewables by 2030 and lower its carbon footprint by 40% from 2005 levels. To support that goal, it said it plans to launch the competitive bidding round for another utility-scale wind project in the middle of next year.
(CAD 1.0 = USD 0.768/EUR 0.673)