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.
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Media and government stakeholders get firsthand look at construction progress of Whitla Wind
As construction of the Whitla Wind project progresses, Capital Power hosted local media and government officials for a tour of the project site on August 15, 2019.
Construction Ramps Up at our Cardinal Point Wind Project
Construction of our Cardinal Point Wind Project is moving along on schedule. Crews are expected to increase to more than 250 workers as turbine components are delivered.
Beyond the Bottom Line – Why Investors are Valuing Sustainability
Kate Chisholm examines the impact of environmental, social, and governance (ESG) performance on a company’s bottom line as investors increasingly seek sustainable investment opportunities.
Capital Power to gain 100% ownership and control of Genesee Generating Station through divestiture of interest in Keephills 3
EDMONTON, Alberta – Capital Power Corporation (“Capital Power” or “the Company”) (TSX: CPX) announced today it has entered into an agreement to divest its 50% share of the Keephills 3 generation un...
2018 Corporate Sustainability Report
Our recently released 2018 Corporate Sustainability Report highlights our sustainability targets, performance, and commitment to delivering Responsible Energy for Tomorrow.
Capital Power reports solid second quarter 2019 results and announces a 7.3% dividend increase for its common shares
Company is on track to achieve results at the top end of annual financial target range
EDMONTON, Alberta – Capital Power Corporation (TSX: CPX) today released financial results for the quarter ended June 30, 2019.
Capital Power declares dividends for its Common and Preference shares and announces a 7.3% dividend increase for its common shares
EDMONTON, Alberta – The Board of Directors for Capital Power Corporation (TSX: CPX) (Capital Power) declared a dividend of $0.48 per share on the outstanding common shares for the quarter ending Se...
Capital Power announces retirement plans for Brian Vaasjo, President and Chief Executive Officer
Mr. Vaasjo intends to retire in 2020, will remain in his leadership position until a successor assumes the role EDMONTON, Alberta – Capital Power Corporation (TSX: CPX) (Capital Power or the Compa...
Capital Power celebrates 10 years of delivering responsible energy
EDMONTON, Alberta – Capital Power Corporation (TSX: CPX) celebrates its 10th anniversary, marking a decade of disciplined growth, sustainability and providing value to its shareholders. Over the...