Capital Power completes construction of 150 MW Cardinal Point Wind project in Illinois

Capital Power’s Cardinal Point Wind project in the US has been completed on schedule and will begin commercial operations shortly. 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.

Capital Power will operate Cardinal Point Wind under a 12-year fixed price contract with an investment-grade U.S. financial institution covering 85% of the facility’s output. The expected adjusted EBITDA and adjusted funds from operations (AFFO) in the first full year of operations is US$40 million and US$4 million, respectively. A tax equity investor is committed to the project.