Daily Newsletter

01 September 2023

Daily Newsletter

01 September 2023

ACCIONA Energía acquires 280MW Canadian wind farm from RES

The 280MW Forty Mile wind farm has an option for a second phase with 120MW of capacity.

Surya Akella September 01 2023

Spanish renewables developer ACCIONA Energía has acquired the 280MW Forty Mile wind farm in Bow Island, Forty Mile County, Alberta, Canada, from Renewable Energy Systems (RES) Canada.

RES will continue working on the project as the balance of plant construction contractor on behalf of ACCIONA Energía, which aims to reach the operational stage in early 2025.

ACCIONA North America CEO Joaquin Castillo stated: “This acquisition aligns with our long-term view of expanding ACCIONA Energía’s renewable portfolio and underscores our commitment to a greener, more sustainable future. The project not only strengthens our operational footprint but also reinforces our commitment to local communities.

“Through our Social Impact Management programme, ACCIONA Energía will reinvest a portion of its annual revenue to support education, wellness and environmental stewardship programmes in the local community.”

Forty Mile was developed by RES and will be built in two phases. Phase one features 49 turbines with a total generating capacity of 280MW.

The turbines will be supplied by German turbine-maker Nordex.

The optional second phase will feature 21 turbines with a total capacity of 120MW.

If the second-phase option is exercised, the wind farm will have a total capacity of 400MW, sufficient to meet the needs of 230,000 Canadian homes.

Power generated from the wind farm will be transmitted to the Alberta Interconnected Electric System through a new transmission line to be built by RES.

Canadian energy company Cenovus Energy is the offtaker for the project via a virtual power purchase agreement.

ACCIONA Energía began construction on the project in August 2023. During the peak construction period 250 local jobs will be created, with 25 permanent job opportunities after operations commence.

The companies have also stated that they will continue working with the stakeholders, including local governmental agencies and landowners, to support the transition process and bring maximum benefits to the community.

Asia Pacific Renewable Energy Policy 2023 Analysis

Countries in the APAC region should look to invest on upgrading grid infrastructure, energy storage systems, microgrids, and support mechanism for renewables to be able to achieve their climate goals. The growth trajectory of Europe cannot be implied in APAC since several countries were late entrants into the renewable market. APAC countries should look to weave their own roadmap towards achieving net zero emissions and leverage the large population into adopting renewable technology.

Newsletters by sectors

close

Sign up to the newsletter: In Brief

Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Thank you for subscribing

View all newsletters from across the GlobalData Media network.

close