June 28 (Renewables Now) - Canadian independent power producer (IPP) BluEarth Renewables Inc on Monday held a ground-breaking ceremony at the site of a 145-MW wind project in the province of Alberta.
It is estimated that this project, called Hand Hills and located in Starland County, will inject more than CAD 250 million (USD 193.7m/EUR 183.3m) of capital investment into the local economy.
Once up and running, the wind park should be able to produce enough clean power to meet the annual demand of approximately 68,000 homes. BluEarth expects it to reach commercial operation in early 2023.
The Calgary-based company will sell the electricity and associated emission offsets from a 100-MW portion of Hand Hills to Shell Energy North America Canada Inc.
Recently, BluEarth obtained CAD 145 million in non-recourse debt for the wind project, including both construction and term debt financing.
(CAD 1.0 = USD 0.775/EUR 0.733)