The 270-megawatt K2 Wind Power Facility in Ontario has started commercial operations. The project is owned and operated by Capital Power, Samsung Renewable Energy, and Pattern Energy.
K2 Wind is currently the largest such facility in Ontario in terms of capacity. It is expected to generate adequate electricity to power 100,000 average households in Ontario.
The project located in Ashfield-Colborne-Wawanosh, southwestern Ontario, comprises 140 Siemens 2.3 MW wind turbines. And it operates under a 20-year power purchase agreement with the Independent Electricity System Operator (IESO), the company has stated.
Last month Pattern Energy acquired two operational wind power facilities totaling 351 megawatts from Wind Capital Group and affiliates for $242 million along with assumed net debt of $102 million.
The deal gives Pattern Energy ownership rights on 201 MW Post Rock Wind facility in Kansas, and the 150 MW Lost Creek Wind facility in Missouri. Pattern Energy hopes to maintain a total combined owned interest of 270 MW in these two facilities.
Post Rock Wind and Lost Creek Wind had been operational for four years and were fully contracted under power purchase agreements with utilities Westar and Associated Electric Cooperative Incorporated respectively. The average remaining life of the contracts were 16 years.
The acquisition has expanded Pattern Energy’s operations into Kansas and Missouri as well.
Ajith Kumar S