Solar energy panels. (Supplied by PublicDomainPictures.net)

By David Opinko

Capstone Infrastructure buys majority stake in $200-million Claresholm Solar Project

Jan 30, 2020 | 4:21 PM

CLARESHOLM, AB – A major financial transaction has taken place for a large-scale solar energy project in southern Alberta.

Capstone Infrastructure Corporation has acquired a 51% interest in the Claresholm Solar Project from Perimeter Solar Inc.

The remaining 49% is indirectly held by Obton A/S (Obton), a Denmark-based company.

“We are very excited to work alongside Obton and Perimeter to deliver this groundbreaking project, which, when complete, will be Canada’s largest solar facility,” says Capstone’s CEO David Eva. “Claresholm is an ideal fit for Capstone as we expand our presence in Alberta and grow our renewables business.”

The Canadian Press says the project is valued at around $200-million.

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“The Perimeter team is very pleased with the sale of the Claresholm Solar Project into the capable hands of Capstone and Obton,” says Perimeter’s Director of Business Development Phillipp Andres. “Having originated and developed the project to this stage, it is a very rewarding experience for Perimeter to see the project move into the construction phase.

“We are confident the project will prove its value to the new project owners as well as to the landowners hosting the project and the local community. The project represents many firsts for solar energy in Canada and Alberta, and we eagerly anticipate the project becoming fully operational,” adds Andes.

Consisting of 130 photovoltaic (PV) panels, the facility aims to generate 74.25 megawatts of electricity.

It will be built on land owned by the Granum Hutterite colony near Claresholm.

Construction is set to start this spring and should wrap up by the end of September 2020.

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