- Utilities company, Capital Power (TSX:CPX) is about to commence the third phase of its Whitla Wind facility in Alberta
- Construction of Whitla Wind 3 will cost an estimated C$92 million and add 54 megawatts to the pre-existing facility
- Capital Power is discussing renewable offtake contracts for its facility with commercial and industrial consumers
- The company expects construction of the project to be complete by the end of 2021
- Capital Power (CPX) is up 0.39 per cent and is currently trading at $28.11 per share
Utilities company, Capital Power (TSX:CPX) is about to commence the third phase of its Whitla Wind facility in Alberta.
The company’s current facility is located in Alberta’s south-eastern county of Forty Mile. The third phase will add 54 megawatts to the facility, and cost an estimated C$92 million.
Capital Power has started the permitting process for Whitla Wind 3 with the Alberta Electric System Operator. The company expects to file its application with the Alberta Utilities Commission this summer.
Once approved, Capital Power intends to start construction of Whitla Wind 3 in 2021’s second quarter. The company will construct Whitla Wind 3 concurrently with the Whitla Wind 2 project, which is a 97 megawatt project.
The phase three project will consists of 15 Vestas V-136 3.6 megawatt wind turbines. These are the same as technology which operates at Whitla Wind 1, and will be installed at Whitla Wind 2.
Capital Power expects construction of the two concurrent projects to be complete by the end of 2021.
The company’s President and CEO, Brian Vaasjo, commented on the end result of the ongoing power project.
“Once all three phases of the Whitla Wind facility are completed by the end of 2021, it will be Alberta’s largest wind facility with 353 megawatts of generation capacity,” he said.
The company will use Whitla Wind 3 to generate carbon credits. These will compensate for the cost of carbon compliance at Capital Power’s thermal generation facilities in Alberta.
The company is currently discussing renewable offtake contracts for Whitla Wind 2 and 3. Customers looking to purchase Capital Power’s energy have come from both commercial and industrial sectors.
Capital Power (CPX) is up 0.39 per cent and is trading at $28.11 per share at 12:11pm EDT.
