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 and its employees contribute $400,000 in support of Alberta COVID-19 relief efforts
Capital Power and its employees have donated $400,000 in support of COVID-19 relief efforts in Alberta, raised through the Company’s ‘GENerosity: Let’s Rally Together’ matched-giving campaign and a...
Capital Power reports voting results from the 2020 annual meeting of shareholders
The annual meeting of shareholders for Capital Power was held on May 1, 2020 in Edmonton, Alberta. Each of the matters voted upon at the annual meeting is discussed in detail in the Company’s Manag...
Capital Power reports solid first quarter 2020 results and reiterates its 2020 financial guidance
Capital Power released financial results for the quarter ended March 31, 2020.