RES group to develop 200 MW Onshore Wind Farm in Canada
Innagreen and Cowessess First Nation have announced the opening of a 200 MW Bekevar Wind Farm situated in the rural municipalities of Hazlewood, Kingsley, and Cowessess First Nation reserve land in Saskatchewan, Canada.
The project is jointly owned by Innagreen and Cowessess First Nation, who owned 83 % and 17 % respectively. Developed by RES, the project, featuring 36 Nordex N155/5.X turbines, will provide Cowessess First Nation with a significant annual return, enabling them to support the continued investment in economic opportunities and help fund essential community programs.
Construction started in May 2023 following a multi-party innovative financial package to secure equity and debt financing with a US$173 million loan from the Canada Infrastructure Bank (CIB), a US$50 million contribution from Natural Resources Canada, through its Smart Renewables and Electrification Pathways program, and US$98 million in debt financing from Nord/LB. Electricity generated at Bekevar will be purchased by SaskPower through a 25-year power purchase agreement.
Country news
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