Spain-based energy company EDP Renewables (EDPR) has signed a power purchase agreement (PPA) with TC Energy Corporation to sell all the power generated by its 297MW Sharp Hills Wind Farm in Alberta, Canada.
EDPR signed the 15-year agreement through its EDPR Canada subsidiary.
Located in the Special Areas municipality near Sedalia and New Bridgen, the Sharp Hills Wind Farm is expected to come online in 2023.
The PPA with TC Energy will support the wind facility’s development, construction and operations.
The project is expected to create around 300 jobs in its construction phase, as well as 15-20 permanent jobs once it is operational.
The Sharp Hills Wind Farm will have the capacity to generate enough green energy to power more than 164,000 average Alberta homes and offset around 700,000tpa of carbon emissions.
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The project is also estimated to save almost two billion litres of water a year.
In addition, the wind farm is expected to benefit the local project communities and the province of Alberta via payments to local landowners and property tax revenue to the Special Area Board.
In a statement, EDPR said: “EDPR’s success in securing new PPAs reinforces its low-risk profile and growth strategy based on the development of competitive projects with long-term visibility.
“The company recognises the strong fundamentals and dynamic growth of the wind market in Canada, and with this new PPA, the firm will contribute to Canada’s energy transition towards carbon neutrality.”
EDPR has been active in the Canadian market since 2010. With this PPA, the company has secured 0.4GW of capacity in the country, which will be operational from this year.
Sharp Hills will be EDPR’s third wind farm in Canada, after the 30MW South Branch Wind Farm and 100MW Nation Rise Wind Farm in Ontario.
In July, EDPR signed agreements with Vento Ludens and Wind2 to acquire a 544MW wind and solar project portfolio in the UK.