Capstone Infrastructure adds wind to its solar projects

Capstone Infrastructure adds wind to it’s fleet of solar projects

In May 2022, Capstone Infrastructure Corporation announced that its wholly owned subsidiary, Wild Rose 2 Wind LP, has entered into a power purchase agreement (“PPA”) with Pembina Pipeline Corporation for the offtake of 105 MW of renewable energy and associated renewable attributes over 15-years from Capstone’s 192 MW Wild Rose 2 Wind Farm, currently in development. Capstone has also entered into a turbine supply agreement with Siemens Gamesa Renewable Energy Inc. for the procurement of 38 SG 5.2-145 turbines. The PPA signals another step forward towards a low-carbon electricity sector in Alberta and provides the foundation that supports Capstone’s investment in the 192 MW Wild Rose 2 Wind Farm.

“We’re thrilled to be partnering with Pembina to drive the energy transition forward doing what we do best – developing, constructing, and operating world-class renewable energy facilities,” says David Eva, Chief Executive Officer of Capstone. “Once operational, the Wild Rose 2 Wind Farm will be the largest facility in our fleet and will make a significant contribution to Alberta’s goal of a netzero electricity sector by 2035.”

The Wild Rose 2 Wind Farm will be constructed in Cypress County, Alberta, approximately 35 kms southeast of Medicine Hat, and will benefit from the exceptionally high wind resource in the area. The Capstone subsidiary will construct, own, and operate the facility, and total construction capital of the project is estimated at approximately $360 million with construction expected to begin later this year.

“We’re pleased to be working with Capstone on their project and furthering our sustainability goals,” says Scott Burrows, Pembina’s President and Chief Executive Officer. “Power purchase agreements are an effective tool to support development of renewable energy infrastructure, lower emissions, and support the transition to a lower carbon energy system.”

The Wild Rose 2 Wind Farm will join Capstone’s 132-MW Claresholm Solar Project which was completed in 2021 in Willow Creek, Alberta. Capstone is about to kick off construction of the Kneehill and Michichi Solar projects in Alberta (each 25 MW), and the Buffalo Atlee Wind Farm outside of Jenner, Alberta, will begin construction this summer.

Capstone is generating a lowcarbon future, driving the energy transition forward through creative thinking, strong partnerships, and a commitment to quality and integrity. A developer, owner, and operator of clean and renewable energy projects across North America, Capstone’s portfolio includes approximately 776 MW installed capacity across 30 facilities, including wind, solar, hydro, biomass, and natural gas cogeneration power plants. Please visit www. capstoneinfrastructure.com for more information.

Sheep graze among the solar panels at Claresholm Solar Project in Willow Creek, Alberta.