TransAlta Corporation announced Mon. May 3 that the company has entered into a long-term Power Purchase Agreement (PPA) with Pembina Pipeline Corporation for the offtake of 100 MW from its proposed 130 MW Garden Plain Wind Power Project to be located approximately 30 kilometres north of Hanna, Alta.
Under this agreement, Pembina will receive both renewable electricity and environmental attributes for an 18-year term.
This long-term contract with Pembina enables TransAlta to add the 130 MW Garden Plain Wind Project to its growing wind generation fleet.
“Pembina views power purchase agreements as an effective tool to support development of renewable energy infrastructure, lower emissions and support the transition to a lower carbon energy system,” said Mick Dilger, Pembina’s President and Chief Executive Officer.
The PPA with Pembina provides the foundation that supports the investment in the 130 MW Garden Plain project.
TransAlta is currently marketing the remaining 30 MW of the facility to commercial and industrial electricity customers that are looking to reduce the carbon intensity of their operations.
To the extent contracts for the remaining 30 MW are not secured, the excess energy will be offered into the merchant wholesale power market in Alberta.
The project will consist of 26 Siemens-Gamesa SGRE SG-145 turbines with construction expected to begin in the fall of 2021, and with a target COD in the second half of 2022.
TransAlta will construct, own and operate the facility.
Total construction capital of the project is estimated at approximately $195 million.