Algonquin Power & Utilities Corp.’s Algonquin Power Co. subsidiary has several power development projects in the works, including a wind farm in Quebec, Canada.
During the first six months of 2014, Algonquin Power (APCo) made significant progress on advancing several of its power development projects, said the parent company in an Aug. 14 financial report.
- At the end of the first quarter, APCo’s first solar generating station in Cornwall, Ontario, commenced commercial operations and as a result generated cash from operations of C$2.3m in the second quarter.
- Construction is underway at the 24-MW St. Damase wind station in Quebec. All turbine foundations have been poured and turbine erection has started. Mechanical completion for all ten units is projected for the third quarter of 2014. The main power transformer has been delivered and set on its foundation. The project is expected to commence operations early in the first quarter of 2015. Phase one of the Saint-Damase project is located in the local municipality of Saint-Damase. The project is in a partnership with the Municipality of Saint-Damase. The project has signed a 20-year power purchase agreement (PPA) with Hydro Quebec and has projected capital costs of C$65m. A request for a PPA related to the 101-MW Phase II of the project is to be submitted to Hydro Quebec under a current request for proposals.
- Construction at APCo’s first solar station in the U.S. in Bakersfield, Calif., began in the second quarter of 2014. The site has been mobilized with grading and dust mitigation equipment on site. Commencement of operations is planned for late 2014 or early 2015. APCo has completed the acquisition for the development rights to this 20 MW (ac) solar station located in Kern County. All energy from the project will be sold to Pacific Gas & Electric (PG&E) under a 20-year agreement.
- Substantial progress has been made at the 23-MW Morse Wind Project in Saskatchewan. The turbine supply agreements have been executed with Siemens and the balance of plant engineering, procurement and construction agreement has been signed. Construction started in early August 2014 with projected commencement of operations in early 2015. The project is located near Morse, Saskatchewan, about 180 kilometers west of Regina. There is additional land under lease for future expansion. The project has a 23-MW PPA with SaskPower.
Also in the company’s development pipeline are:
- Chaplin Wind, Saskatchewan, 177 MW, commercial operation in 2016. The project will be located in the Rural Municipality of Chaplin, Saskatchewan, 200 kilometers west of Regina;
- Amhert Island, Ontario, wind, 75 MW, commercial in 2015-2016. The project is located within Loyalist Township in the County of Lennox and Addington in eastern Ontario; and
- Val Eo – Phase 1, Quebec, 24 MW, commercial in 2015. The Val Eo project is being developed in two phases, with the 101-MW Phase II to be constructed following evaluation of the wind resource at the site, completion of satisfactory permitting and entering into energy sales arrangements.
APCo generates and sells electrical energy produced by its diverse portfolio of non-regulated renewable power generation and clean energy power generation facilities located across North America. APCo owns or has interests in: hydroelectric facilities with a combined capacity of about 120 MW; wind stations with a combined capacity of 650 MW; and a solar energy facility with about 10 MW of installed capacity. Approximately 83% of the electrical output from the hydroelectric, wind, and solar facilities is sold pursuant to long-term contractual arrangements which have a weighted average remaining contract life of 14 years.
APCo also owns or has interests in thermal energy facilities with approximately 350 MW of installed capacity. Approximately 93% of the electrical output from the owned thermal facilities is sold pursuant to long-term power purchase agreements with major utilities and which have a weighted average remaining contract life of six years.
APCo also has a pipeline of development projects that between 2014 and 2016 will add approximately 323 MW of capacity from wind stations and approximately 20 MW from photovoltaic solar with an average contract life of 23 years.