Edmonton company to build North Dakota wind farm
CALGARY — Edmonton-based Capital Power says it has decided to go ahead with a $182-million wind farm in North Dakota.
The company expects the 99-megawatt New Frontier Wind project to begin construction immediately and start commercial operation in December of 2018.
Capital Power says it signed a deal with a U.S. financial institution recently to swap power sale returns from the facility for a fixed price payment over 12 years, thus securing long-term predictable revenues.
The project was acquired in a suite of renewable power opportunities in 2014 from Element Power US.
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