Search

Capstone Infrastructure Corporation has announced that it has successfully acquired a 51 percent interest in the 132 MW Claresholm Solar Project from Perimeter Solar Inc. The remaining 49 percent interest is indirectly held by Denmark-based Obton A/S, a renewable energy investment firm. “We are very excited to work alongside Obton and Perimeter to deliver this groundbreaking project, which, when complete, will be Canada’s largest solar facility.  Claresholm is an ideal fit for Capstone as we expand our presence in Alberta and grow our renewables business.” David Eva, Chief Executive Officer, Capstone. The solar project is located in the Municipal District of Willow Creek, Alberta. In 2019, the project received regulatory approvals from the Alberta Utilities Commission and executed a 74 MW power purchase agreement (PPA) with TC Energy Corporation. Construction is scheduled to begin in the spring of 2020. “Obton is extremely pleased with the partnership with Capstone on this very exciting PV project. We are both value-based companies that cherish integrity and honesty, which we see as two of the cornerstones of our collaboration. Realising this project together will help to create a sustainable energy mix in Southern Alberta.” Anders Marcus, Chief Executive Officer, Obton. Philipp Andres, director – Business Development, Perimeter said that the firm is very pleased with the sale of the solar project into the capable hands of Capstone and Obton. Having originated and developed the project to this stage, it is a very rewarding experience for Perimeter to see the project move into the construction phase. “We are confident the project will prove its value to the new project owners as well as to the landowners hosting the project and the local community. The project represents many firsts for solar energy in Canada and Alberta, and we eagerly anticipate the project becoming fully operational.”

Capstone Infrastructure Corporation has actually introduced a Claresholm Solar Project financing upgrade.

The 132MW Claresholm solar farm is offering power to TC Energy and also the Canadian district's wholesale power pool

Capstone Infrastructure Corporation said on Thursday it has acquired a 51% stake in the 132 MWac Claresholm Solar project, slated for development towards the south of Alberta province. The deal will see Capstone take over the 51% stake from Perimeter Solar, one of the PV project's two initial sponsors. Perimeter’s existing Danish partner Obton will retain its 49% stake. In a statement, Capstone explained construction is set to commence this spring, following the planning green light by the Alberta Utilities Commission last year.   Last October, it emerged that TC Energy – best known as the developer of the controversial Keystone XL oil pipeline – had agreed to become the offtaker of Claresholm for eight years. At the time, the PPA covering 74.25MW of Claresholm’s 132MWac solar capacity was described as the largest private deal seen in the Canadian energy sector, up until that point. The PV plant – located south of Alberta’s largest city Calgary – will share province with an even larger project, a 400MW venture by local developer Greengate Power. Claresholm marks the Canadian debut for Denmark’s Obton, typically an investor in Northern European solar, as well as the firm’s first project worldwide to be backed by a private PPA. When the PPA was inked last October, Obton CEO Anders Marcus said the firm had worked three years on the Alberta project. In addition, he shed light on the project’s post-PPA revenue prospects. “With the expected increase in the price of electricity in Alberta as a result of, e.g. CO2 taxes and the phasing out of coal, we are convinced that we can also secure a good price for the electricity after that period, either through a new PPA or via the market,” the executive said.

Amp US has constructed a portfolio of about 200 MWdc across 39 operating or unfinished projects. The transaction will certainly raise the Palisade Infrastructure Group's complete renewables capacity under management to over 1.8 GW.

Amp Solar Group Inc, a Canadian clean energy firm also known as Amp Energy, announced on Monday that it has finalized the sale of its U.S. community solar business, Amp US Primary Holdings Inc.

2 map Alberta 75   1280 acres 2021   Capstone Infrastructure Enchant Solar Project map Alberta 75   550

GCF commits $253.7 million to AFC Capital Infrastructure Fund Equity financial investment is largest made by GCF in Africa to date

BlackRock, Microsoft, and partners aim to raise $30 billion for AI infrastructure, driving innovation in energy and data centers to meet soaring global demands.

Amber Infrastructure Team has launched Circle Power Renewables, an advancement firm focused on solar, wind and battery projects in Michigan and various other United States markets.

New Jersey ought to relocate to a hybrid solar incentive design to much better web link project support and consumer benefits, a report has actually ended.

United States solar and wind assets programmer and proprietor DE Shaw Renewable Investments LLC (DESRI) will certainly receive up to USD 400 million (EUR 380.3 m) of resources from funds handled by Harbert Infrastructure to make use of "at DESRI's discernment".

Fiera Infrastructure and Palisade Infrastructure Group have agreed to jointly acquire 100% of the equity interests in Amp US Primary Holdings, a US-based renewable energy generation and battery storage business. This investment will increase the Palisade Infrastructure Group’s total renewables capacity under management to over 1.8 GW.

OMERS Infrastructure has actually tattooed a contract with International Finance Corporation and IFC GIF Investment Company I to make the purchase.

The US Senate has passed the landmark bipartisan infrastructure bill, paving the way for US$ 1.2 trillion of investment into the country's infrastructure.