Capstone Infrastructure Corporation Announces the Acquisition of a 132 MWac Solar Development Project in Alberta
30 Januar 2020 - 10:31PM
Capstone Infrastructure Corporation (TSX: CSE.PR.A) (the
"Corporation" or "Capstone") is pleased to announce it acquired a
51% interest in the 132 MWac Claresholm Solar Project from
Perimeter Solar Inc. (“Perimeter”). The remaining 49% interest is
indirectly held by Denmark-based Obton A/S (“Obton”), a renewable
energy investment firm.
The Claresholm Solar Project is located in the
Municipal District of Willow Creek, Alberta. In 2019, the
project received regulatory approvals from the Alberta Utilities
Commission and executed a 74 MWac power purchase agreement with TC
Energy Corporation (TSX, NYSE: TRP) (see
https://perimetersolar.ca/news-claresholm-solar-project/).
Construction is scheduled to begin in the spring of 2020.
“We are very excited to work alongside Obton and
Perimeter to deliver this groundbreaking project, which, when
complete, will be Canada’s largest solar facility. Claresholm
is an ideal fit for Capstone as we expand our presence in Alberta
and grow our renewables business.” David Eva, Chief Executive
Officer, Capstone.
“Obton is extremely pleased with the partnership
with Capstone on this very exciting PV project. We are both
value-based companies that cherish integrity and honesty, which we
see as two of the cornerstones of our collaboration. Realizing this
project together will help creating a sustainable energy mix in
Southern Alberta.” Anders Marcus, Chief Executive Officer, Obton
A/S
"The Perimeter team is very pleased with the sale
of the Claresholm Solar Project into the capable hands of Capstone
and Obton. Having originated and developed the project to this
stage, it is a very rewarding experience for Perimeter to see the
project move into the construction phase. We are confident the
project will prove its value to the new project owners as well as
to the landowners hosting the project and the local community. The
project represents many firsts for solar energy in Canada and
Alberta, and we eagerly anticipate the project becoming fully
operational.” Philipp Andres, Director Business Development,
Perimeter.
About Capstone Infrastructure
Corporation Capstone owns and operates, approximately net
541 MW of installed capacity across 24 facilities in Canada,
including wind, hydro, solar, biomass, and natural gas power
plants. Please visit www.capstoneinfrastructure.com for more
information.
Notice to ReadersCertain of the
statements contained within this document are forward-looking and
reflect management's expectations regarding the future growth,
results of operations, performance and business of the Corporation
based on information currently available to the Corporation.
Forward-looking statements are provided for the purpose of
presenting information about management's current expectations and
plans relating to the future and readers are cautioned that such
statements may not be appropriate for other purposes. These
statements use forward-looking words, such as "anticipate",
"continue", "could", "expect", "may", "will", "intend", "estimate",
"plan", "believe" or other similar words. These statements are
subject to known and unknown risks and uncertainties that may cause
actual results or events to differ materially from those expressed
or implied by such statements and, accordingly, should not be read
as guarantees of future performance or results. The forward-looking
statements within this document are based on information currently
available and what the Corporation currently believes are
reasonable assumptions.
The forward-looking statements within this document
reflect current expectations of the Corporation as at the date of
this document and speak only as at the date of this document.
Except as may be required by applicable law, the Corporation does
not undertake any obligation to publicly update or revise any
forward-looking statements.
This document is not an offer or invitation for the
subscription or purchase of or a recommendation of securities. It
does not take into account the investment objectives, financial
situation and particular needs of any investors. Before making an
investment in the Corporation, an investor or prospective investor
should consider whether such an investment is appropriate to their
particular investment needs, objectives and financial circumstances
and consult an investment adviser if necessary.
Contact Information:Capstone Infrastructure
CorporationAndrew KennedyChief Financial Officer(416)
649-1300akennedy@capstoneinfra.com
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