View all newsletters
Receive our newsletter – data, insights and analysis delivered to you
  1. News
June 24, 2021

CIP and Greengate start construction of Travers Solar project

The solar project will be equipped with around 1.3 million monocrystalline bifacial photovoltaic panels.

By Hasini Devarasetti

Danish energy investment firm Copenhagen Infrastructure Partners (CIP) and Canadian energy company Greengate Power have announced the start of construction on the Travers Solar project in Alberta, Canada.

Last February, the two companies signed an investment agreement for the development of the 465MWac solar power project.

Travers Solar is estimated to require a total investment of around $568.9m (C$700m) and is expected to become Canada’s largest solar project.

Located in Vulcan County, the project will have around 1.3 million monocrystalline bifacial photovoltaic panels supplied by Jinko Solar Canada.

Multinational construction conglomerate PCL Construction has been contracted for the project’s construction work.

CIP is funding the project’s construction and operation on behalf of the Copenhagen Infrastructure IV (CI IV) fund.

Greengate will have an ongoing economic interest in the solar project, which is expected to create almost 500 full-time jobs during its construction phase.

Greengate CEO Dan Balaban said: “Greengate is excited to work with CIP to bring this world-class project to completion.

“Travers Solar will significantly improve Alberta’s environmental performance, adding to Greengate’s proven track record of successfully developing renewable energy projects of scale in Canada that deliver strong investor returns.

“Greengate is proud to play a key role in creating market-based solutions that enable the global energy transition to net-zero.”

CIP senior partner Christian Skakkebaek said: “CIP is pleased to continue growing its North American renewable energy portfolio through our investment in Travers Solar, CIP’s first investment in Canada.

“Alberta is an attractive market for investment and we look forward to working with Greengate and our local partners to bring this exciting project to completion.”

Due to be fully operational by the end of next year, the Travers Solar project is expected to generate enough electricity to power more than 150,000 households in Alberta.

Technology company Amazon has entered into a corporate power purchase agreement to acquire up to 400MWac of the energy generated by the project.

Related Companies

Free Report

Delve into the renewable energy prospects for Morocco

In its new low greenhouse gas (GHG) emission strategy to 2050, submitted to the United Nations (UN), the Ministry of Energy Transition and Sustainable Development (MEM) of Morocco suggested to raise the share of renewable capacity in the country’s total power installed capacity mix to 80%.   Morocco currently aims to increase the share of renewables in total power capacity to 52% by 2030. The new strategy plans to increase the share of renewable capacity to 70% by 2040 and 80% by 2050.  GlobalData’s expert analysis delves into the current state and potential growth of the renewable energy market in Morocco. We cover: 
  • The 2020 target compared to what was achieved 
  • The 2030 target and current progress 
  • Energy strategy to 2050 
  • Green hydrogen 
  • Predictions for the way forward  
Download the full report to align your strategies for success and get ahead of the competition.   
by GlobalData
Enter your details here to receive your free Report.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Wednesday. The power industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy