Halkirk I Wind Project

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Ranking for 2012: 74

Industry Sector: Energy

Specific Sector: Wind

Range: 0 - $500,000,000

Project Value: $357,000,000

Government Funds Involved: N/A

Funding Source: Private

Location: Halkirk, Alberta

Estimated End Date of Substantial Completion: 2011


Capital Power purchased the Halkirk project from Greengate Power for $290,000 per MW. In addition to selling the generated energy to the Alberta electricity grid, Capital Power has an agreement with California’s Pacific Gas & Electric. Under the 20-year agreement, Capital Power will sell the Renewable Energy Credits created by the project to PG&E to offset the utility’s requirement to purchase 20 percent of its power from renewable sources. All regulatory approvals and permits are in place. Construction is imminent and should be completed near the end of 2012.

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