05:14 PM EDT, 07/09/2024 (MT Newswires) -- Capstone Infrastructure (CSE-PA.TO) and Sawridge First Nation on Tuesday announced the successful commissioning of four wind farms in Alberta.
According to a statement, the Buffalo Atlee 1, 2, 3, and 4 Wind Farms add another 61 MW of emissions-free electricity capacity to the Alberta grid, which is expected to provide enough power for approximately 26,000 homes in Alberta homes every year. Together, the four facilities are expected to avoid fossil fuel carbon emissions of approximately 93,000 metric tonnes annually at the start of commercial operation, Tuesday's statement said.
"Capstone prides itself on forging partnerships that support the energy transition while delivering economic benefits for local communities and our Indigenous partners, and all of the Buffalo Atlee project partners shares this same vision," said chief executive David Eva said in a release.
Tuesday's statement noted the electricity produced at the Buffalo Atlee 2 and 4 Wind Farms will be purchased by Gibson Energy ( GBNXF ) , under the terms of the 15-year renewable-power purchase agreement signed by Capstone, Sawridge, and Gibson in 2023. Gibson said the PPA demonstrates a commitment to the low-carbon transition and achieving its emission reduction targets, including a goal of Net Zero by 2050.