{"id":477730,"date":"2021-04-19T07:03:28","date_gmt":"2021-04-19T11:03:28","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/canadas-largest-solar-facility-now-soaking-up-the-rays-in-southern-alberta\/"},"modified":"2021-04-19T07:03:28","modified_gmt":"2021-04-19T11:03:28","slug":"canadas-largest-solar-facility-now-soaking-up-the-rays-in-southern-alberta","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/canadas-largest-solar-facility-now-soaking-up-the-rays-in-southern-alberta\/","title":{"rendered":"Canada\u2019s Largest Solar Facility Now Soaking up the Rays in Southern Alberta"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"left\">TORONTO, April  19, 2021  (GLOBE NEWSWIRE) &#8212; Capstone Infrastructure Corporation (TSX: CSE.PR.A) (the &#8220;Corporation&#8221; or &#8220;Capstone&#8221;), along with our partner\u00a0Obton\u00a0A\/S,\u00a0is proud to announce\u00a0that our\u00a0132MWac Claresholm Solar Project\u00a0(\u201cClaresholm\u201d)\u00a0achieved commercial\u00a0operation\u00a0and\u00a0is\u00a0now\u00a0producing\u00a0clean,\u00a0renewable\u00a0power.\u00a0<\/p>\n<p>Claresholm\u00a0Solar\u00a0is\u00a0located\u00a0in\u00a0the Municipal District of Willow\u00a0Creek and\u00a0provided\u00a0more than\u00a0350\u00a0full-time\u00a0jobs in Alberta\u00a0during construction,\u00a0with peak site personnel reaching over 650 skilled workers. In addition, over the operational life of the project, Claresholm will provide on-going employment along with significant and stable long-term property tax revenue to the local economy.<\/p>\n<p>The majority\u00a0of Claresholm\u2019s power\u00a0and associated emission offsets\u00a0are\u00a0sold to TC Energy, under the terms of\u00a0a power purchase agreement\u00a0(\u201cPPA\u201d),\u00a0and\u00a0the rest of the electricity will be sold into Alberta\u2019s wholesale power pool.\u00a0<\/p>\n<p>\u201cI\u2019m tremendously proud of\u00a0our\u00a0team for safely and successfully completing the Claresholm Solar Project,\u00a0now Canada\u2019s largest operating solar farm. This was an ambitious project with tight timelines, and\u00a0Capstone, along with PCL and all our suppliers,\u00a0had the added burden of overcoming the numerous challenges resulting from\u00a0the\u00a0COVID-19\u00a0pandemic,\u00a0which they passed with flying\u00a0colours.\u201d says David Eva,\u00a0CEO, Capstone, \u201cWorking creatively and with unmatched dedication is integral to Capstone\u2019s business philosophy, and we are extremely pleased to support TC Energy and the critical role that such corporate PPAs play in accelerating the transition to clean energy across North America.\u201d\u00a0<\/p>\n<p>\u201cCapstone has shown incredible dedication to bringing this asset into service. Through collaborative partnerships like this one, we are bringing clean energy to the Alberta market,\u201d says Corey Hessen, Sr. Vice President and President Power, Storage and Commercial Marketing, TC Energy. \u201cThis\u00a0PPA\u00a0represents another step towards reducing our emissions and growing our power business across North America.\u201d\u00a0<\/p>\n<p>\u201cHaving been involved in the project for close to four years, I am\u00a0very happy\u00a0that it has now been fully realized. It all started with\u00a0a good idea\u00a0and today after many\u00a0ups and downs\u00a0the project has been fully commissioned and will be an important power plant in Alberta, which we are extremely proud of being a part of,\u201d says Mikkel Berthelsen, Partner at\u00a0Obton\u00a0A\/S, \u201cI want to thank all the great people that\u00a0worked\u00a0on realizing this project,\u00a0in particular,\u00a0Perimeter\u00a0Solar for their\u00a0early-stage\u00a0development\u00a0work, our contractor PCL, our off-taker TC Energy, our lenders ATB, Fiera,\u00a0Telus, and of course, our partner Capstone.\u201d\u00a0<\/p>\n<p>\n        <strong>About Capstone Infrastructure Corporation<\/strong>\u00a0<br \/>Capstone\u00a0is\u00a0developer, owner and operator of renewable energy projects,\u00a0whose\u00a0mission is to power society, protect the environment, contribute to communities, and create value for its shareholders.\u00a0Capstone\u00a0operates\u00a0more than\u00a0750\u00a0MW of installed capacity across\u00a029\u00a0facilities in Canada, including wind,\u00a0solar,\u00a0hydro, biomass, and natural gas\u00a0co-generation\u00a0power plants. Please visit <a href=\"http:\/\/www.capstoneinfrastructure.com\" rel=\"nofollow noopener\" target=\"_blank\">www.capstoneinfrastructure.com<\/a> for more information.\u00a0<\/p>\n<p>\n        <strong>About\u00a0Obton\u00a0A\/S<\/strong>\u00a0<br \/>Obton\u00a0is a Danish solar investor and developer with more than 10 years of experience in the solar PV market.\u00a0It was\u00a0one of the first investment companies to see the opportunities in solar PV systems, and today\u00a0Obton\u00a0is one of Europe\u2019s largest providers of investments in renewable solar energy, with EUR 2,5 billion in investments under administration and management of more than 1,2 GW of installed capacity.\u00a0<\/p>\n<p>\n        <strong>Notice to Readers<\/strong>\u00a0<br \/>Certain of the statements contained within this document are forward-looking and reflect management&#8217;s expectations\u00a0regarding\u00a0the future growth, results of operations, performance and business of the Corporation based on information currently available to the Corporation. Forward-looking statements are\u00a0provided\u00a0for the purpose of presenting information about management&#8217;s current expectations and plans relating to the future and readers are cautioned that such statements may not be\u00a0appropriate for\u00a0other purposes. These statements use forward-looking words, such as &#8220;anticipate&#8221;, &#8220;continue&#8221;, &#8220;could&#8221;, &#8220;expect&#8221;, &#8220;may&#8221;, &#8220;will&#8221;, &#8220;intend&#8221;, &#8220;estimate&#8221;, &#8220;plan&#8221;, &#8220;believe&#8221; 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.\u00a0<\/p>\n<p>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.\u00a0<\/p>\n<p>This document is not an offer or invitation for the subscription or purchase of or a recommendation of securities. It does not\u00a0take into account\u00a0the investment\u00a0objectives, financial\u00a0situation\u00a0and particular needs of any investors. Before making an investment in the Corporation, an investor or prospective investor should consider whether such an investment is\u00a0appropriate to\u00a0their particular investment needs,\u00a0objectives\u00a0and financial circumstances and consult an investment adviser if necessary.\u00a0<\/p>\n<p>Contact Information:\u00a0<br \/>\u00a0<br \/>Capstone Infrastructure Corporation\u00a0<br \/>Megan Hunter\u00a0<br \/>Communications Manager\u00a0<br \/>(416) 649-1325\u00a0<br \/><a href=\"mailto:mhunter@capstoneinfra.com\" rel=\"nofollow noopener\" target=\"_blank\"><u>mhunter@capstoneinfra.com<\/u><\/a>\u00a0<\/p>\n<p>A photo accompanying this announcement is available at <a href=\"https:\/\/www.globenewswire.com\/NewsRoom\/AttachmentNg\/f7055989-bbe0-4d66-918e-c62b4aae87ec\" rel=\"nofollow noopener\" target=\"_blank\">https:\/\/www.globenewswire.com\/NewsRoom\/AttachmentNg\/f7055989-bbe0-4d66-918e-c62b4aae87ec<\/a><\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODIxODk1MCM0MTI2MzExIzIwMTY3Nzg=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/8a844abc-0976-44a6-b34e-dd9494127131\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>TORONTO, April 19, 2021 (GLOBE NEWSWIRE) &#8212; Capstone Infrastructure Corporation (TSX: CSE.PR.A) (the &#8220;Corporation&#8221; or &#8220;Capstone&#8221;), along with our partner\u00a0Obton\u00a0A\/S,\u00a0is proud to announce\u00a0that our\u00a0132MWac Claresholm Solar Project\u00a0(\u201cClaresholm\u201d)\u00a0achieved commercial\u00a0operation\u00a0and\u00a0is\u00a0now\u00a0producing\u00a0clean,\u00a0renewable\u00a0power.\u00a0 Claresholm\u00a0Solar\u00a0is\u00a0located\u00a0in\u00a0the Municipal District of Willow\u00a0Creek and\u00a0provided\u00a0more than\u00a0350\u00a0full-time\u00a0jobs in Alberta\u00a0during construction,\u00a0with peak site personnel reaching over 650 skilled workers. In addition, over the operational life of the project, Claresholm will provide on-going employment along with significant and stable long-term property tax revenue to the local economy. The majority\u00a0of Claresholm\u2019s power\u00a0and associated emission offsets\u00a0are\u00a0sold to TC Energy, under the terms of\u00a0a power purchase agreement\u00a0(\u201cPPA\u201d),\u00a0and\u00a0the rest of the electricity will be sold into Alberta\u2019s wholesale power pool.\u00a0 \u201cI\u2019m tremendously proud of\u00a0our\u00a0team for safely and successfully completing the Claresholm Solar Project,\u00a0now Canada\u2019s largest operating solar farm. &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/canadas-largest-solar-facility-now-soaking-up-the-rays-in-southern-alberta\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Canada\u2019s Largest Solar Facility Now Soaking up the Rays in Southern Alberta&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-477730","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Canada\u2019s Largest Solar Facility Now Soaking up the Rays in Southern Alberta - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/canadas-largest-solar-facility-now-soaking-up-the-rays-in-southern-alberta\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Canada\u2019s Largest Solar Facility Now Soaking up the Rays in Southern Alberta - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"TORONTO, April 19, 2021 (GLOBE NEWSWIRE) &#8212; Capstone Infrastructure Corporation (TSX: CSE.PR.A) (the &#8220;Corporation&#8221; or &#8220;Capstone&#8221;), along with our partner\u00a0Obton\u00a0A\/S,\u00a0is proud to announce\u00a0that our\u00a0132MWac Claresholm Solar Project\u00a0(\u201cClaresholm\u201d)\u00a0achieved commercial\u00a0operation\u00a0and\u00a0is\u00a0now\u00a0producing\u00a0clean,\u00a0renewable\u00a0power.\u00a0 Claresholm\u00a0Solar\u00a0is\u00a0located\u00a0in\u00a0the Municipal District of Willow\u00a0Creek and\u00a0provided\u00a0more than\u00a0350\u00a0full-time\u00a0jobs in Alberta\u00a0during construction,\u00a0with peak site personnel reaching over 650 skilled workers. In addition, over the operational life of the project, Claresholm will provide on-going employment along with significant and stable long-term property tax revenue to the local economy. The majority\u00a0of Claresholm\u2019s power\u00a0and associated emission offsets\u00a0are\u00a0sold to TC Energy, under the terms of\u00a0a power purchase agreement\u00a0(\u201cPPA\u201d),\u00a0and\u00a0the rest of the electricity will be sold into Alberta\u2019s wholesale power pool.\u00a0 \u201cI\u2019m tremendously proud of\u00a0our\u00a0team for safely and successfully completing the Claresholm Solar Project,\u00a0now Canada\u2019s largest operating solar farm. &hellip; Continue reading &quot;Canada\u2019s Largest Solar Facility Now Soaking up the Rays in Southern Alberta&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/canadas-largest-solar-facility-now-soaking-up-the-rays-in-southern-alberta\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-19T11:03:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODIxODk1MCM0MTI2MzExIzIwMTY3Nzg=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/canadas-largest-solar-facility-now-soaking-up-the-rays-in-southern-alberta\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/canadas-largest-solar-facility-now-soaking-up-the-rays-in-southern-alberta\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Canada\u2019s Largest Solar Facility Now Soaking up the Rays in Southern Alberta\",\"datePublished\":\"2021-04-19T11:03:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/canadas-largest-solar-facility-now-soaking-up-the-rays-in-southern-alberta\\\/\"},\"wordCount\":876,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/canadas-largest-solar-facility-now-soaking-up-the-rays-in-southern-alberta\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODIxODk1MCM0MTI2MzExIzIwMTY3Nzg=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/canadas-largest-solar-facility-now-soaking-up-the-rays-in-southern-alberta\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/canadas-largest-solar-facility-now-soaking-up-the-rays-in-southern-alberta\\\/\",\"name\":\"Canada\u2019s Largest Solar Facility Now Soaking up the Rays in Southern Alberta - 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In addition, over the operational life of the project, Claresholm will provide on-going employment along with significant and stable long-term property tax revenue to the local economy. The majority\u00a0of Claresholm\u2019s power\u00a0and associated emission offsets\u00a0are\u00a0sold to TC Energy, under the terms of\u00a0a power purchase agreement\u00a0(\u201cPPA\u201d),\u00a0and\u00a0the rest of the electricity will be sold into Alberta\u2019s wholesale power pool.\u00a0 \u201cI\u2019m tremendously proud of\u00a0our\u00a0team for safely and successfully completing the Claresholm Solar Project,\u00a0now Canada\u2019s largest operating solar farm. &hellip; Continue reading \"Canada\u2019s Largest Solar Facility Now Soaking up the Rays in Southern Alberta\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/canadas-largest-solar-facility-now-soaking-up-the-rays-in-southern-alberta\/","og_site_name":"Market Newsdesk","article_published_time":"2021-04-19T11:03:28+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODIxODk1MCM0MTI2MzExIzIwMTY3Nzg=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/canadas-largest-solar-facility-now-soaking-up-the-rays-in-southern-alberta\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/canadas-largest-solar-facility-now-soaking-up-the-rays-in-southern-alberta\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Canada\u2019s Largest Solar Facility Now Soaking up the Rays in Southern Alberta","datePublished":"2021-04-19T11:03:28+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/canadas-largest-solar-facility-now-soaking-up-the-rays-in-southern-alberta\/"},"wordCount":876,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/canadas-largest-solar-facility-now-soaking-up-the-rays-in-southern-alberta\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODIxODk1MCM0MTI2MzExIzIwMTY3Nzg=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/canadas-largest-solar-facility-now-soaking-up-the-rays-in-southern-alberta\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/canadas-largest-solar-facility-now-soaking-up-the-rays-in-southern-alberta\/","name":"Canada\u2019s Largest Solar Facility Now Soaking up the Rays in Southern Alberta - 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