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
- Velva In Progress
- McHenry County Sheriff’s Office
- VIP (Velva In Progress) Angel Tree Program
- Winter Whimsy
New Frontier Wind strives to power a greener tomorrow for the North Dakota energy market.
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...
Capital Power announces its second quarter 2019 financial results release date
EDMONTON, Alberta – Capital Power Corporation (TSX: CPX) will release its second quarter 2019 results before the markets open on July 29, 2019. Management will host a conference call with analysts ...
Celebrating 10 Years of Responsibility
I am very pleased to be celebrating Capital Power’s 10th anniversary, this marks a major milestone in our history and an exciting stepping stone into our future as a company. Over the past decade, ...
Capital Power accelerates plans for natural gas capability at the Genesee facility
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Capital Power completes $325 million Canadian dollar private placement of senior notes
EDMONTON, Alberta – Capital Power Corporation (Capital Power or the Company) (TSX: CPX) announced today that it has closed a $325 million private placement of senior notes. The net proceeds from th...
Capital Power named one of Canada’s ‘Best 50 Corporate Citizens’ for ninth consecutive year
EDMONTON, Alberta – Capital Power is pleased to announce it is again ranked among Corporate Knights' 2019 Best 50 Corporate Citizens in Canada. This marks the ninth consecutive year that Capital Po...
Capital Power completes acquisition of Goreway Power Station
Acquisition materially increases contracted adjusted EBITDA and is immediately accretive to adjusted funds from operations per share EDMONTON, Alberta – Capital Power Corporation (Capital Power ...
Capital Power declares dividend for its Preference Shares (Series 11)
EDMONTON, Alberta – May 16, 2019 - The Board of Directors for Capital Power Corporation (TSX: CPX) (Capital Power) declared a dividend of $0.1772 per share on its Cumulative Minimum Rate Reset Pref...
Capital Power announces closing of $150 million offering of 5.75% Cumulative Minimum Rate Reset Preferred Shares
EDMONTON, Alberta – Capital Power Corporation (“Capital Power”) (TSX:CPX) announced today that it has closed its previously announced offering of 6,000,000 Cumulative Minimum Rate Reset Preference ...
Capital Power announces the exercise of over-allotment option by Underwriters in subscription receipt offering
EDMONTON, Alberta – Capital Power Corporation (Capital Power or the Company) (TSX: CPX) announced today that the underwriters (the Underwriters) co-led by RBC Capital Markets and TD Securities have...