popular articles

Innagreen and ANEDLP acquire the 200 MW Bekevar wind project

Innagreen and ANEDLP have announced the acquisition of the 200 MW Bekevar wind project from RES. Funded by the Infrastructure Bank of Canada and NORD/LB, the project will contribute to Saskatchewan's energy transition.

Please share:

Renewable energy investment platform Innagreen and ANEDLP, the entity owned by the Cowessess First Nation, have jointly announced their acquisition of the 200 MW Bekevar wind project from RES. This project will be funded by the Infrastructure Bank of Canada and NORD/LB, and will proceed to the construction phase. It will provide zero-emission electricity to more than 100,000 homes while reducing carbon emissions by approximately 130,000 tons per year. Construction will begin in May 2023 and is expected to reach commercial operation by the end of 2024.

A key acquisition for Innagreen and ANEDLP

The Bekevar project will provide 200 MW of zero-emission electricity to the local grid, providing clean, sustainable electricity to more than 100,000 homes. It will also allow Saskatchewan to switch from coal to renewable energy and reduce carbon emissions by approximately 130,000 tonnes per year.

Construction scheduled for May 2023

Located in the Rural Municipality of Hazlewood, the Rural Municipality of Kingsley and on Cowessess First Nation reserve land, Bekevar will begin construction in May 2023 and is expected to reach commercial operation by the end of 2024. The Infrastructure Bank of Canada and NORD/LB will finance this project, which will integrate more renewable energy into the province’s electricity system.

A multi-party acquisition

Following the multi-party transaction to secure equity and debt financing, Innagreen will own 83% of Bekevar and ANEDLP will own 17%. RES will provide construction services, in collaboration with local subcontractors, and will operate and manage the asset.

Opportunities for Cowessess First Nation

ANEDLP will ensure that contractors and skilled Aboriginal workers benefit from available construction jobs. The partnership also creates capital investment and training opportunities for Cowessess First Nation members during the future development and operational phases.

ANEDLP’s investment in Bekevar Wind marks the Cowessess First Nation’s largest renewable energy project to date and places them among the leaders in Canada for having a comprehensive portfolio of both large-scale wind and solar energy.

Investment by the Infrastructure Bank of Canada and NORD/LB

Canada Infrastructure Bank CEO Ehren Cory emphasized the importance of clean energy investments in meeting greenhouse gas emission reduction targets. The bank’s $173 million investment in the Bekevar project will help Saskatchewan reduce its reliance on coal-fired generation and significantly reduce greenhouse gas emissions.

NORD/LB’s Global Head of Structured Finance, Heiko Ludwig, said he was proud to have supported Innagreen and the Cowessess First Nation in financing a major Canadian wind energy project with an innovative financing structure. The Bekevar project is an example of NORD/LB’s commitment to working with clients around the world to finance sustainable energy initiatives, thereby contributing to a greener future.

Register free of charge for uninterrupted access.

Publicite

Recently published in

Boralex has launched operations at the 106 MW Limekiln Wind Farm in Scotland, marking its first operational facility in the United Kingdom, supported by a 15-year public contract and a power purchase agreement.
Nexif Ratch Energy has received preliminary environmental approval from the Philippine government to initiate technical studies for its 500 MW San Miguel Bay offshore wind project.
Nexif Ratch Energy has received preliminary environmental approval from the Philippine government to initiate technical studies for its 500 MW San Miguel Bay offshore wind project.
Chinese wind turbine manufacturer Goldwind reported strong 2024 results, fuelled by accelerated overseas sales amid a slowdown in the domestic market.
Chinese wind turbine manufacturer Goldwind reported strong 2024 results, fuelled by accelerated overseas sales amid a slowdown in the domestic market.
Swedish group Vattenfall has approved the final investment for two major offshore projects in the North Sea, with construction scheduled to start in 2026 and operations expected by 2028.
Swedish group Vattenfall has approved the final investment for two major offshore projects in the North Sea, with construction scheduled to start in 2026 and operations expected by 2028.
European Energy has finalised two agreements to sell an 83.5 MW portfolio of wind farms to Enea, reinforcing its position as a renewable energy developer in the Polish market.
Repsol has sold a 49% minority stake in a 400 MW renewable portfolio in Spain to Schroders Greencoat for €580 mn, confirming its co-investment strategy to optimise project profitability.
Repsol has sold a 49% minority stake in a 400 MW renewable portfolio in Spain to Schroders Greencoat for €580 mn, confirming its co-investment strategy to optimise project profitability.
Swedish firm Hexicon has sold its 50% stake in two floating offshore wind projects off the coast of Italy to Ingka Investments and Oxan Energy for up to €20mn.
Swedish firm Hexicon has sold its 50% stake in two floating offshore wind projects off the coast of Italy to Ingka Investments and Oxan Energy for up to €20mn.
ABO Energy secured three additional wind projects in the latest tender by the German Federal Network Agency, extending a momentum initiated in 2024.
ABO Energy secured three additional wind projects in the latest tender by the German Federal Network Agency, extending a momentum initiated in 2024.
The Spanish group transfers the majority of its operations in India and Sri Lanka to a consortium led by TPG, creating a new entity focused on onshore wind.
Swedish group Vattenfall acquires BASF’s stake and initiates a 1,610 MW North Sea wind project on its own, with commissioning expected by 2028.
Swedish group Vattenfall acquires BASF’s stake and initiates a 1,610 MW North Sea wind project on its own, with commissioning expected by 2028.
Vena Energy commits USD 200 mn to an offshore wind project in South Korea to bolster the country’s energy independence, in partnership with local authorities.
Vena Energy commits USD 200 mn to an offshore wind project in South Korea to bolster the country’s energy independence, in partnership with local authorities.
Nexans will supply RTE with 730 kilometres of high-voltage cables to connect three future offshore wind farms off the coasts of Normandy and Oléron, under a framework agreement valued at more than €1 billion.
Nexans will supply RTE with 730 kilometres of high-voltage cables to connect three future offshore wind farms off the coasts of Normandy and Oléron, under a framework agreement valued at more than €1 billion.
Poland’s Baltic Power project, jointly owned by ORLEN and Northland Power, secured its first design certificates, a key regulatory step towards the construction of its offshore wind farm in the Baltic Sea.
In Martigné-Ferchaud, a group of citizens invested in a wind farm with an annual capacity of 36 GWh, raising €520,000 from a total €24 mn budget, with operations set to begin in May.
In Martigné-Ferchaud, a group of citizens invested in a wind farm with an annual capacity of 36 GWh, raising €520,000 from a total €24 mn budget, with operations set to begin in May.
RWE invests in wind projects in Texas by selecting GE Vernova to supply turbines made in the United States, thereby strengthening local energy production and supporting rural economic development.
RWE invests in wind projects in Texas by selecting GE Vernova to supply turbines made in the United States, thereby strengthening local energy production and supporting rural economic development.
Ignitis Group, the Lithuanian energy provider, updated the progress of its Curonian Nord offshore wind project with an investment of EUR 50 million. The final investment decision is expected after 2027.
Ignitis Group, the Lithuanian energy provider, updated the progress of its Curonian Nord offshore wind project with an investment of EUR 50 million. The final investment decision is expected after 2027.
Copenhagen Infrastructure Partners has secured financing for the Fengmiao I offshore wind farm, a 495 MW project off the coast of Taiwan, marking a significant step forward for the local industry.
Encavis AG continues its expansion in Hesse with the acquisition of a 12 MW wind farm project in Bad Arolsen-Landau, with grid connection expected by October 2025.
Encavis AG continues its expansion in Hesse with the acquisition of a 12 MW wind farm project in Bad Arolsen-Landau, with grid connection expected by October 2025.
German group Nordex has secured an order to supply and install 16 N163/5.X turbines in Nova Scotia, totalling a capacity of 94 MW. The contract also includes a 25-year maintenance agreement.
German group Nordex has secured an order to supply and install 16 N163/5.X turbines in Nova Scotia, totalling a capacity of 94 MW. The contract also includes a 25-year maintenance agreement.
RWE makes significant progress in the construction of the 1.4 GW Sofia offshore wind farm, with the arrival of a turbine installation vessel, the production of the first recyclable blades, and the imminent installation of the first turbines. Full commissioning is scheduled for 2026.
RWE makes significant progress in the construction of the 1.4 GW Sofia offshore wind farm, with the arrival of a turbine installation vessel, the production of the first recyclable blades, and the imminent installation of the first turbines. Full commissioning is scheduled for 2026.
RWE has signed a ten-year power purchase agreement with Telehouse Europe to supply renewable energy from the London Array offshore wind farm to its Docklands campus in London until 2035.
Europe installed 12.9 GW of new wind capacity in 2024, but further efforts are required to meet its climate commitments, with 140 GW of investments expected between 2025 and 2030.
Europe installed 12.9 GW of new wind capacity in 2024, but further efforts are required to meet its climate commitments, with 140 GW of investments expected between 2025 and 2030.
Goldwind, Envision, and MingYang secured the top three positions in the global wind turbine manufacturing market in 2024, driven by strong domestic demand in China. The decline in installations outside China further strengthened their dominance over Western competitors.
Goldwind, Envision, and MingYang secured the top three positions in the global wind turbine manufacturing market in 2024, driven by strong domestic demand in China. The decline in installations outside China further strengthened their dominance over Western competitors.
The Montpellier criminal court must rule on the criminal liability of EDF Renouvelables and its subcontractors regarding the excessive mortality of protected birds at the Causse d’Aumelas wind farm, located in a Natura 2000 zone.
The Montpellier criminal court must rule on the criminal liability of EDF Renouvelables and its subcontractors regarding the excessive mortality of protected birds at the Causse d’Aumelas wind farm, located in a Natura 2000 zone.

Advertising