Halkirk 2 Wind Power Project, Canada

Halkirk 2 Wind Power Project is a 148MW onshore wind power project. It is planned in Alberta, Canada. The project is currently in permitting stage. It will be developed in single phase. Post completion of the construction, the project is expected to get commissioned in September 2022.

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Wind Power Market seeing increased risk and disruption

The wind power market has grown at a CAGR of 14% between 2010 and 2021 to reach 830 GW by end of 2021. This has largely been possible due to favourable government policies that have provided incentives to the sector. This has led to an increase in the share of wind in the capacity mix, going from a miniscule 4% in 2010 to 10% in 2021. This is further set to rise to 15% by 2030. However, the recent commodity price increase has hit the sector hard, increasing risks for wind turbine manufacturers and project developers, and the Russia-Ukraine crisis has caused further price increase and supply chain disruption. In light of this, GlobalData has identified which countries are expected to add the majority of wind power capacity out to 2030. Get ahead and download this whitepaper for more details on the current state of the Wind Power Market.

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Project Type	Total Capacity (MW)	Active Capacity (MW)	Pipeline Capacity (MW)	Project Status	Project Location	Project Developer
Onshore	148	–	148	Permitting	Alberta, Canada	Capital Power

Description

The project is being developed and currently owned by Capital Power.

The project is expected to supply enough clean energy to power 50,000 households. The project cost is expected to be around $224.813m.

The Tubular Steel structure to be installed at the project site are expected to be 95m high.

Development Status

Post completion of the construction, the project is expected to get commissioned in September 2022.

Contractors Involved

Vestas Wind Systems will be the turbine supplier for the wind power project. The company is expected to provide 74 units of V110-2.0 MW turbines, each with 2MW nameplate capacity.

About Capital Power

Capital Power Corp (CPC) is a power producer that develops, acquires, operates and optimizes electricity with a focus on sustainable energy facilities. It generates electricity by harnessing energy-efficient technology from lower-carbon fuel, and a range of renewable energy sources. The company owns supercritical coal-fired, natural gas-fired simple cycle, natural gas-fired combined cycle cogeneration, wind, solar, landfill gas-fired, and solid fuel facilities such as wood residuals and tire-derived. CPC has various generation facilities under development in Alberta and under construction in Kansas. The company supplies electricity to independent system operators, large industries and commercial customers, and government owned or sponsored entities. CPC is headquartered in Edmonton, Alberta, Canada.

Methodology

All power projects included in this report are drawn from GlobalData’s Power Intelligence Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponent’s – news, deals and financial reporting, regulatory body, associations, government planning reports and publications. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector.