BluEarth builds a wind farm in Alberta

éoliennes dans l'alberta

BluEarth Renewable Inc. has launched the construction of its 145 MW Hand Hills wind project in Canada. The project aims to supply the region with energy as well as capital.

BluEarth builds its first Canadian project

BluEarth Renewable Inc is a Canadian company specialized in renewable energy. On June 27, the company launched the construction of the 145 MW Hand Hills wind farm.

The project, located northeast of Drumheller, Alberta, will produce enough clean, renewable energy to power approximately 68,000 homes per year. BluEarth estimates that it should go into commercial service in early 2023.

Shell Energy North America will purchase electricity and associated emissions offsets from 100 MW of project capacity. The company’s goal is to become a net zero emissions energy company by 2050.

BluEarth has developed the project since its acquisition in 2012 and will be the long-term operator of the facility.

An important project for the region

The Hand Hills wind project will also provide indirect revenues to the local municipality in the form of local services and supplies. It will also contribute to significant and stable property tax revenues over the long term.

The project will inject more than $250 million in capital investment into the Alberta economy. It will also provide over 175 jobs during the peak construction period.

“The Hand Hills Wind Project will bring significant economic benefits to the region, and we are pleased to continue our investment in our home province of Alberta,” said Grant Arnold, BluEarth’s President and CEO.

BluEarth recently closed on approximately $145 million in non-recourse debt for the project. It includes both construction financing and term debt.

Dans cet article :

Articles qui pourraient vous intéresser

Canada supports clean fuels

In Canada, approximately 60 projects will receive funding under the government’s Clean Fuels Fund (CFC).

Already have an account? connect here.

Continue reading

Unlimited access

1€ per week without commitment
Billed per month
  • Enjoy unlimited access to the latest industry news. Cancel online at any time.

Limited articles per month

Free
  • Access some of our articles and customize your newsletters according to your interests.

No commitment is required, you can cancel at any time.
Your payment method will be automatically debited in advance every 4 weeks. All subscriptions are automatically renewed. You can cancel at any time. Other restrictions and taxes may apply. Offers and prices are subject to change without notice.