December 18, 2018

Private sector to invest $1.2 billion in five new southern Alberta wind farms

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Five new renewable energy projects are slated to be fully operational by the middle of 2021 and, according to the provincial government, will ensure the energy bills of Albertans remain among the lowest in the country.

“Albertans are the biggest beneficiary,” said Shannon Phillips, Alberta’s Minister of Environment and Parks, during Monday morning’s announcement. “We know now that we are going to be able to procure renewable energy at a low cost, that it will form part of the energy mix.”

“When you have renewables bidding into the pool to offset other forms of energy, you end up with lower costs for consumers.”

Private companies, in partnership with First Nations, will be investing a total of approximately $1.2 billion into the five projects that include:

Potentia Renewables Inc.’s 113-megawatt Stirling Wind project near Lethbridge (in partnership with Paul First Nation and Greengate Power Corp.)
TransAlta’s Coporation’s 207-megawatt Windrise project near Fort Macleod
EDF Renewables Canada’s 202-megawatt Cypress Wind Power project near Medicine Hat (in partnership with Kainai First Nation)
Capstone Infrastructure Corp.’s 48-megawatt Buffalo Atlee wind farms near Brooks (in partnership with Sawridge First Nation)
Potentia Renewables Inc.’s 193-megawatt Jenner Wind Project (two phases) near Brooks

The wind farms will each have at least 25 per cent Indigenous ownership and are expected to collectively generate 760 megawatts of energy, enough to power up to 300,000 homes each year.

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