Copenhagen Infrastructure Partners (CIP) and Greengate Power Corporation (Greengate) have begun the construction of Travers Solar, the largest solar photovoltaic project ever constructed in Canada. Travers Solar represents CIP’s first investment in Canada and is expected to be fully operational by the end of 2022.
With a total expected capital cost of approximately CAD700 million (US$564.4 million), Travers Solar will have an installed capacity of approximately 465 MWac / 691 MWdc, consisting of approximately 1.3 million solar panels. Located in Vulcan County, Alberta, this project will create approximately 500 full-time jobs during construction and will produce enough clean energy to power more than 150,000 homes once operational, providing substantial economic and environmental benefits to the province of Alberta. Jinko Solar Canada will be supplying the monocrystalline bifacial solar panels and PCL Construction will be responsible for construction. Amazon, the technology company based in Seattle, Washington, has signed a corporate power purchase agreement to offtake up to 400 MWac from the project.
CIP, on behalf of the Copenhagen Infrastructure IV (CI IV) fund, will be funding the construction and operation of Travers Solar. Greengate has retained an ongoing economic interest in the project and will continue to manage local stakeholder relations throughout its construction and operation.
The Canada Infrastructure Bank (CIB) and ITC Investment Holdings (ITC) have signed an agreement in principle to invest CAD1.7 billion (USD1.35 billion) in the Lake Erie Connector project.
Read moreMacquarie Infrastructure and Real Assets (MIRA) has raised more than EUR1.6 billion (USD1.93 billion) for investment in renewable energy with the final close of Macquarie Green Investment Group Renewable Energy Fund 2 (MGREF2) – exceeding its initial minimum fundraising target of EUR1 billion (USD1.2 billion).
Read moreRES announced that Hydro-Quebec has signed a Power Purchase Agreement with Parc éolien Apuiat S.E.C., a partnership between the Innu First Nation communities in Quebec and Boralex Inc. The Partnership is concurrently purchasing the 200MW wind project from RES, which is located in the Côte-Nord region of Québec, Canada.
Read moreExcelsior Energy Capital (“Excelsior”), an independent North American renewable energy investor, announced the final close of its inaugural fund, Excelsior Renewable Energy Investment Fund I LP, with total capital commitments of US$504 million, exceeding the Fund’s US$500 million target.
Read moreThe Canada Infrastructure Bank (CIB) and Oneida Energy Storage LP announced the signing of a Memorandum of Understanding (MOU) for the Oneida Energy Storage project in Ontario, Canada. Oneida Energy Storage LP is a joint venture between NRStor Incorporated and Six Nations of the Grand River Development Corporation.
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