TORONTO (October 19, 2021) – Potentia Renewables Inc. (Potentia) celebrated the ground-breaking of its Wheatland Wind Project (the Project) near the Town of Drumheller in Alberta. The Project is a $200 million investment that consists of 24 Siemens Gamesa 5.0 wind turbines with a gross capacity of 120 Megawatts (MW). The facility will generate more than 12 billion KWh over its lifetime, which is enough to power more than 1 million Canadian homes for one year.
Throughout the construction phase of the facility, it will employ a maximum of 200 construction workers. While operating, it will be an economic driver by creating up to 10 permanent jobs, increasing local spending, providing significant property tax payments representing 3% to 4% of the county’s annual budget, and supplying steady contract opportunities for local businesses. The Project is contracted with established and credit-worthy offtakers and does not rely on any government subsidies or contracts to support its development, equity, and long-term financing.
“This is a significant milestone in Potentia’s $1.2 billion construction program for wind energy in Western Canada. Potentia also initiated construction on another bilaterally contracted wind project in Alberta during October and we are extremely excited to deploy this capital in Alberta and Saskatchewan” said Jeff Jenner, CEO of Potentia. “Special thanks to our landowners, local communities, regulators, external and internal construction and engineering teams for making this happen during the pandemic”.
