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.
Country updates
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March 17, 2020
ITOCHU Corporation and Tyr Energy provide tax equity financing for two solar projects in USA
ITOCHU Corporation and Tyr Energy, Inc. announced that they have agreed to provide equity financing to Aspenall Energies Kimball Wind and South Fork Wind projects. The fully operational Projects are l...
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March 17, 2020
John Laing enters into agreement to acquire share in 100 MW Buckthorn wind power project in Erath County
John Laing Group has entered into a purchase and sale agreement with an affiliate of Capital Power Corporation for the sale of its interest in Buckthorn Windfarm in the US. Buckthorn is a 100 MW wind...
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March 17, 2020
CPPIB finalizes takeover of Pattern Energy
Pattern Energy Group Inc. and Canada Pension Plan Investment Board (CPPIB) have completed the previously announced merger transaction. Under the terms of the merger agreement, CPPIB acquired all of th...
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March 17, 2020
White Construction to build 20 MW solar PV project in South Bend
White Construction, a subsidiary of Infrastructure and Energy Alternatives (IEA) that manages utility-scale renewable energy and heavy civil infrastructure projects, has secured a contract build a&nbs...
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March 16, 2020
US Solar Fund closes purchase of 177 MW solar projects
US Solar Fund Plc has closed the acquisition of a solar portfolio consists of solar projects installed in three US states with a combined capacity of 177 MW. The portfolio, consists of 22 PV pa...
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