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    BluEarth Breaks Ground On 145MW Wind Project In Alberta, Canada


    June 29, 2022 - Fitch Solutions Sector Intelligence

     

      THIS COMMENTARY IS PUBLISHED BY FITCH SOLUTIONS COUNTRY RISK & INDUSTRY RESEARCH and is NOT a comment on Fitch Ratings' Credit Ratings. Any comments or data are solely derived from Fitch Solutions Country Risk & Industry Research and independent sources. Fitch Ratings analysts do not share data or information with Fitch Solutions Country Risk & Industry Research.

      BluEarth Breaks Ground On 145MW Wind Project In Alberta, Canada

      • 29 Jun 2022
      • Canada
      • Infrastructure

      News: BluEarth Renewables broke ground to start the construction of a 145MW wind project in the Canadian province of Alberta. The project, called Hand Hills, will be located in Starland County and it would require a capital investment of around CAD250.0mn (USD194.1mn). The power plant would be backed by a CAD145.0mn (USD112.6mn) non-recourse debt financing, including both construction and term debt financing and is expected to serve around 68,000 homes. Shell Energy North America Canada will secure electricity from a 100MW portion of the facility. The power plant is expected to reach commercial operation in early 2023 (Renewables Now).

      This report from Fitch Solutions Country Risk & Industry Research is a product of Fitch Solutions Group Ltd, UK Company registration number 08789939 ('FSG'). FSG is an affiliate of Fitch Ratings Inc. ('Fitch Ratings'). FSG is solely responsible for the content of this report, without any input from Fitch Ratings.

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