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Capstone Infrastructure Corporation continues its strong investment record in Alberta as its Michichi and Kneehill Solar projects reach construction milestones. Canadian Business Journal

DRUMHELLER, Alberta, Oct. 18, 2022 (GLOBE NEWSWIRE) — Today, Capstone Infrastructure Corporation (TSX: CSE.PR.A) (“Capstone”) announced that it has completed the installation of solar panels at two new projects in Alberta. Celebrating the start and continuing its trajectory. A record of significant investment in the state’s energy market.

Since 2018, Capstone has acquired and advanced over 435 MW of new solar and wind development projects statewide. This includes the successful commissioning of the 132 MW Claresholm Solar in 2021. This was Canada’s largest solar installation at the time.

Two new solar installations, Michichi Solar in Starland County and Kneehill Solar in Neehill County, will each generate 25 MWac of electricity. This is enough electricity to power his 12,000 homes in Alberta each year.

Capstone’s leadership in building partnerships with the private sector to help companies meet their climate change and decarbonization goals will allow the electricity and environmental attributes generated from Michichi Solar to become Canada’s largest midstream oil and gas company. It will continue in new projects as it will be sold to one of the operators, Keyera Corporation. .

With two new solar projects, Capstone continues its commitment to building meaningful, long-term relationships with indigenous communities. Her Sawridge First Nation of Cree, a signatory to Treaty No. 8, is his equity partner in both the Michichi and Kneehill Solar projects.

Capstone CEO David Eva said: “These projects are another example of our commitment to investing in Alberta’s energy market and forging strong partnerships with the private and public sectors, indigenous peoples and local communities.”

Both the Michichi and Kneehill Solar projects are scheduled to come online in 2023.

About Michichi Solar Project and Kneehill Solar Project

The Michichi Solar Project is located in Starland County, Alberta, just north of the town of Drumheller. The Neehill Solar Project is located in Neehill County, Alberta, just north of the town of Three Hills. Michichi and Kneehill Solar will create more than 100 jobs at the site during peak construction and 70 of his FTE employment years each during the life of the project. Michichi and Kneehill Solar will provide both Starland and Kneehill County with an estimated $8 million in significant, stable and long-term property tax revenue over the life of the project. Each project offsets approximately 30,000 tons of CO2e each year.

About Capstone

Capstone is creating a low-carbon future and driving the energy transition through creative thinking, strong partnerships, and a commitment to quality and integrity in how we do business. A developer, owner and operator of clean and renewable energy projects across North America, Capstone’s portfolio includes approximately 776 facilities across 30 facilities, including wind, solar, hydro, biomass and natural gas cogeneration power plants. Includes installed capacity in MW. For more information, please visit www.capstoneinfrastructure.com.

Notice to readers

Certain statements contained herein are forward-looking and reflect management’s expectations regarding our future growth, operating results, performance and business based on information currently available to us. Forward-looking statements are provided for the purpose of providing information about management’s current expectations and plans regarding the future, and the reader is advised that such statements may not be appropriate for other purposes. be careful. These statements use the terms “anticipate,” “continue,” “could,” “expect,” “could,” “will,” “intend,” “estimate,” ” plan”, “believe”, or other similar words. These statements are subject to known and unknown risks and uncertainties that could cause actual results or events to differ materially from those expressed or implied by such statements, and we do not predict future performance. or should not be construed as a guarantee of results. Forward-looking statements in this document are based on currently available information and what the Company currently believes to be reasonable assumptions.

The forward-looking statements in this document reflect our current expectations as of the date of this document and speak only as of the date hereof. We undertake no obligation to publicly update or revise any forward-looking statements, except as required by applicable law.

This document is not an offer or invitation to subscribe or endorse securities. Investment objectives are not considered. the financial situation and the specific needs of the investor; Before making an investment in our company, investors or prospective investors should consider whether such investment is suitable for their particular investment needs, objectives and financial circumstances and, if necessary, consult their investment advisors. need to do it.

Capstone Infrastructure Corporation continues its strong investment record in Alberta as its Michichi and Kneehill Solar projects reach construction milestones. Canadian Business Journal
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Capstone Infrastructure Corporation continues its strong investment record in Alberta as its Michichi and Kneehill Solar projects reach construction milestones. Canadian Business Journal

Source link Capstone Infrastructure Corporation continues its strong investment record in Alberta as its Michichi and Kneehill Solar projects reach construction milestones. Canadian Business Journal

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