financetom
Business
financetom
/
Business
/
Capstone Infrastructure and Partners Secure PPAs for Three Wind Projects in British Columbia
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Capstone Infrastructure and Partners Secure PPAs for Three Wind Projects in British Columbia
Jan 20, 2025 1:47 PM

04:37 PM EST, 01/20/2025 (MT Newswires) -- Capstone Infrastructure (CSE-PA-A.TO) after close of trade Monday said it and its indigenous partners secured 30-year power purchase agreements (PPAs) from provincially owned BC Hydro for three windfarm projects.

The three projects, Brewster, Highland Valley, and Mount Mabel, were selected by BC Hydro in their recent Call for Power and will have a total combined capacity of 537 megawatts. Together, the projects will generate approximately 1.4 million megawatt-hours of electricity annually, enough to power more than 157,000 average British Colombian homes per year.

All projects are Indigenous led partnerships with a 51% equity ownership interest by Wei Wai Kum First Nation (Brewster Wind), Ashcroft Indian Band (Highland Valley Wind), and Lower Nicola Indian Band (Mount Mabel Wind) respectively.

"Capstone prides itself on responsible and sustainable development, construction, and operation our projects, while delivering quality jobs and significant economic benefits for local communities and our Indigenous partners," said Capstone chief executive David Eva, "and we believe our project partners share this same vision. We're all looking forward to playing a major role in British Columbia's clean energy future."

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Copyright 2023-2026 - www.financetom.com All Rights Reserved