Leading renewable energy and infrastructure consultancy, Natural Power, has provided the finance-grade energy yield analysis (EYA) and associated reliance letter for Capital Power Corporation
Jim Adams, President of Natural Power North America, said:
The New Frontier Wind facility, featuring 29 Vestas V126-3.45 wind turbines, was completed on schedule and below its original project cost estimate of approximately $182 million (US$145 million), and began commercial operation on December 21, 2018. On December 31, 2018 Capital Power received approximately $125 million (US$92 million) in net tax equity financing from J.P. Morgan in exchange for Class A interests of a subsidiary of the Company.
Capital Power will operate New Frontier Wind under a 12-year fixed price contract with an investment grade U.S. financial institution covering 87% of the facility
Paul Wendelgass, Managing Director at Capital Power, said:
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