Capstone Infrastructure Corporation Successfully Commissions 192 MW Wild Rose 2 Wind Farm Alongside Offtakers Pembina Pipeline and City of Edmonton

Executive Summary

• Capstone Infrastructure Corporation successfully commissioned the 192 MW Wild Rose 2 Wind Farm in Cypress County, Alberta, marking its largest project to date and pushing its total installed capacity above 1 GW.
• The facility has secured long-term revenue streams through two major agreements: a 15-year Power Purchase Agreement (PPA) with Pembina Pipeline for 105 MW of renewable energy and a 20+ year Renewable Attributes Purchase Agreement (RAPA) with the City of Edmonton for 78 MW of renewable attributes.
• The project is supported by federal funding from Natural Resources Canada’s Smart Renewables and Electrification Pathways Program and is expected to power nearly 80,000 homes annually while avoiding 250,000 metric tonnes of CO2e emissions.

Key Details

• Project Capacity: 192 MW total capacity.
• Location: Cypress County, Alberta, approximately 35 km southeast of Medicine Hat.
• Ownership/Operation: Constructed, owned, and operated by Capstone subsidiary Wild Rose 2 Wind Inc.
• Capacity Milestone: Surpasses 1 GW of installed capacity across Capstone’s operating fleet.
• Pembina Pipeline Agreement:
  • Type: Power Purchase Agreement (PPA).
  • Volume: 105 MW of renewable energy and associated attributes.
  • Term: 15 years.
  • Purpose: Securing cost-competitive energy and renewable attributes for Pembina.
• City of Edmonton Agreement:
  • Type: Renewable Attributes Purchase Agreement (RAPA).
  • Volume: 78 MW of renewable attributes.
  • Term: Over 20 years.
  • Significance: Largest long-term procurement of renewable energy attributes by a Canadian city to date.
  • Context: Part of the City’s Community Energy Transition Strategy (Carbon neutral corporate operations by 2040; Net Zero GHG by 2050).
• Environmental Impact:
  • Electricity Generation: Enough to power nearly 80,000 average Alberta homes each year.
  • Emissions Reduction: Avoids nearly 250,000 metric tonnes of CO2e annually at the start of commercial operation.
• Government Support: Received federal support from Natural Resources Canada through the Smart Renewables and Electrification Pathways Program.
• Economic Impact: Generated approximately 475 jobs during construction.
• Portfolio Context: Capstone’s portfolio now includes approximately 1,077 MW installed capacity across 36 facilities (wind, solar, hydro, biomass, and natural gas cogeneration).

Notable Quotes

• David Eva, CEO of Capstone: “The commissioning of Wild Rose 2 Wind represents a huge achievement for Capstone... At 192 MW, it is the largest project we have ever undertaken and a landmark accomplishment in the growth of the business – surpassing 1 GW of installed capacity across our operating fleet.”
• Scott Burrows, President and CEO, Pembina Pipeline: “Pembina views power purchase agreements as effective tools to support the development of renewable energy infrastructure, lower emissions, and the transition to a lower carbon energy system. The PPA with Capstone also benefits Pembina by securing cost-competitive energy with renewable attributes for a portion of the power Pembina consumes. This is a win-win solution.”
• Amarjeet Sohi, Mayor of Edmonton: “Edmonton is stepping up to take the bold action needed to meet our ambitious climate goals... The Wild Rose 2 wind farm is a great example of how the City can work with industry to reach a green energy future and make a large impact on our goal of being a Net Zero corporation by 2040.”
• The Honourable Tim Hodgson, Minister of Energy and Natural Resources Canada: “Wild Rose 2 Wind, one of the largest wind projects in Alberta, is an outstanding example of how we can achieve these missions in partnership with the private sector and other levels of government.”