Capital Power has received approval from its Board of Directors to proceed with the development of Whitla Wind 2. The 97 MW facility is expected in 2021. Capital Power will leverage its construction experience in Alberta and from Whitla Wind 1 to minimize contingencies and mitigate risks for Whitla Wind 2, which has an expected capital cost of $165 million.
Whitla Wind 2 will generate renewable energy credits to hedge against Capital Power’s carbon compliance costs from its Alberta thermal generation facilities. Prior to commercial operations, Capital Power will pursue renewable offtake contracts with commercial and industrial customers for Whitla Wind 2.
The community and economic benefits for the project would be similar to those for Whitla Wind 1, including a new and steady stream of municipal tax revenue, and annual lease revenues to landowners. Development of the project will generate many jobs for the construction portion and will create permanent employment opportunities, including one full-time facility site manager, as well as service and maintenance personnel.
Capital Power is committed to being a good neighbour. Some examples of our activities and support for local community groups include:
- Bow Island Foremost Victim Services Golf Tournament
- Bow Island Children’s Festival
- Forty Mile Regional FCSS
- Annual Foremost Rodeo
- Burdett 105th Anniversary Committee
- Foremost Municipal Library
- Bow Island Municipal Library
- Pleasant View Seniors Lodge
- Bow Island Minor Hockey Association
- Southern Alberta MedicAir Society OA HALO
- County of Forty Mile Food Bank
- Bow Island and District Health Foundation
Capital Power announces date for release of its first quarter 2020 financial results and analyst conference call
Capital Power will release its first quarter 2020 results before the markets open on May 4, 2020. Management will host a conference call with analysts on the same day at 9:00 a.m. MT (11:00 a.m. ET...
Capital Power completes acquisition of Buckthorn Wind and receives tax equity financing for Cardinal Point Wind
Capital Power announced today that it has successfully completed the acquisition of Buckthorn Wind from private investors. Buckthorn Wind is a 100.5 megawatt wind facility that is located in Erath ...
Message from Brian Vaasjo, CEO and President
Capital Power's Response to COVID-19: A Message from Brian Vaasjo, CEO and President