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Canadian Capital Power Corporation Adds Buckthorn Wind Farm to Portfolio

Energy company Capital Power Corporation announced it has entered into an agreement to acquire a 100% ownership interest in Buckthorn Wind, a 100.5 megawatt wind facility, from private investors.

Image: PixabayImage: Pixabay

Buckthorn Wind is located in Erath County, approximately 60 miles south of Dallas, Texas and began commercial operations in January 2018. The wind farm consists of 29 Vestas turbines.

In addition, the construction of another wind farm of the company, the Cardinal Point Wind project, was completed on-schedule and will begin commercial operations this week. The construction cost of the 150 megawatt wind project located in Illinois is expected to be within its projected total cost of US$236 million to US$246 million.

“The acquisition of Buckthorn Wind provided an opportunity to acquire a young renewables asset with a 15-year weighted average contract life remaining,” said Brian Vaasjo, President and CEO of Capital Power. “With the addition of Cardinal Point Wind, the long-term contracts from these two new assets enhance our contracted cash flow profile and expand our renewables portfolio to approximately 1,200 megawatts with an additional 100 megawatts in advanced development from Whitla Wind 2.”

Capital Power
Windfair Editors
Canada, Capital Power Corporation, Buckthorne Wind, USA, wind farm, acquisition, portfolio, MW, Illinois

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