Construction of New Frontier Wind, Capital Power’s second wind development project in the United States began in May 2018 and commercial operation is expected to begin in December 2018.
The 99-megawatt facility is located on approximately 10,700 acres of privately-owned lands in McHenry County, North Dakota. New Frontier will use 29 Vestas V126-3.45 MW wind turbines.Capital Power will operate New Frontier Wind under a 12-year fixed price contract with an investment grade U.S. financial institution for 87% of the facility’s output. Under the contract, which was executed on August 29, Capital Power will swap the market revenue from a fixed volume of New Frontier Wind’s generation for a fixed price payment over a 12-year term. The agreement will secure long-term predictable revenues and is expected to allow New Frontier Wind to secure renewable energy tax equity financing.
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Last reviewed: July 2018