New Frontier Wind, located on approximately 10,700 acres of privately-owned lands in McHenry County, North Dakota, began construction in May 2018 and was completed on schedule and under budget, commencing commercial operation on December 21, 2018. The facility operates under a 12-year fixed price contract with an investment-grade U.S. financial institution covering 87% of the facility’s output. Under the contract, 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.
- Comprised of 29 Vestas V126 3.45 MW wind turbines, each with a hub height of 87 metres (285 feet) and rotor diameter of 126 metres (413 feet)
- Interconnection at GRE’s 115-kV McHenry Substation
At Capital Power, we contribute to the communities in which we operate with the aim of building a sustainable future for all. We engage our neighbours, consider their interests and build real relationships. We aim to source supplies and services locally for our operations, and hire from the community. At New Frontier Wind:
- Six to eight permanent full-time positions are now associated with the facility.
We give back where we live and work by supporting local organizations and our employees’ community participation through our corporate giving programs.
Recent community support includes:
- Velva Food Pantry
- Velva Community Development Corporation Community Youth Project
- McHenry County Sheriff’s Office Narcotics Detecting K9
- Angel Tree Program
- Winter Whimsy
- Velva Community Halloween Party
- Velva Area Dollars for Scholars
- Velva Summer Fastpitch
New Frontier Wind strives to power a greener tomorrow for the North Dakota energy market.
Capital Power to release fourth quarter 2020 results and 2020 integrated annual report on February 19
Capital Power will release its fourth quarter and year-ended 2020 results, 2020 integrated annual report and third Climate Change Disclosure Report before the markets open on February 19, 2021.
Capital Power announces conversion results for its Preferred Shares (Series 1)
Capital Power announced today that after having taken into account all Election Notices following the December 16, 2020 conversion deadline, in respect of the Cumulative Rate Reset Preference Share...
Capital Power accelerating plans towards a low carbon future
Repowering Genesee 1 and 2, off-coal in 2023; advancing renewables growth strategy including Enchant Solar project and 25-year contract for Strathmore Solar
12th annual Investor Day event being held in a virtual format today, Capital Power will provide updates on the execution of its growth and sustainability strategy including the repowering of its Ge...