TC Energy invests in WindRiver's 75-MW pumped storage project

Old coal mine in Alberta. Author: larsjuh.

May 22 (Renewables Now) - Canadian energy company TC Energy Corp (TSE:TRP) has completed an equity investment in Turning Point Generation (TPG), which owns a 75-MW pumped storage hydroelectric project in Alberta, Canada, it was announced on Wednesday.

TPG's parent, WindRiver Power Corp, welcomed TC Energy's investment in the Canyon Creek Project, located near Hinton, saying construction is expected to begin by the end of 2020.

The Canyon Creek project will use existing site infrastructure from a decommissioned open-pit coal mine. The energy storage facility will be able to supply power for up to 37 hours at full output. The closed-loop, off-stream design limits significantly the adverse environmental impacts on Alberta's natural river courses.

The facility's capacity can be expanded to 400 MW in the future.

The project has been approved by the Alberta Utilities Commission and the Alberta Government.

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Before joining Renewables Now, Alex was a UK-focused business news reporter. Now she is covering global news from the renewable energy industry with a special interest in M&A.

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