Leading renewable energy and infrastructure consultancy, Natural Power, has supplied the finance-grade energy yield evaluation (EYA) and related reliance letter for Capital Power Corporation’s 99MW New Frontier Wind Project in McHenry County, North Dakota.
Jim Adams, President of Natural Power North America, stated: “It’s fantastic to be involved in a project of this scale which underpins the continued growth of the US renewable energy market. Our EYAs are relied upon for both wind and solar financing, and it’s encouraging to see widespread market acceptance across the tax equity community and confidence in our work as our team continues to expand to meet the needs of the industry”.
New Frontier Wind Project
The New Frontier Wind facility, that includes 29 Vestas V126-3.45 wind generators, was accomplished on schedule and under its unique project value estimate of roughly $182 million (US$145 million), and started industrial operation on December 21, 2018. On December 31, 2018 Capital Power acquired roughly $125 million (US$92 million) in web tax fairness financing from J.P. Morgan in change for Class A pursuits of a subsidiary of the Company.
Capital Power will function New Frontier Wind underneath a 12-year mounted worth contract with an funding grade U.S. monetary establishment overlaying 87% of the ability’s output. Under the contract, Capital Power will swap the market income from a set quantity of New Frontier Winds technology for a set worth cost over a 12-year time period.
Paul Wendelgass, Managing Director at Capital Power, stated: “Natural Power’s role as an independent engineer for energy yield analysis was critical in helping New Frontier achieve commercial operation and tax equity investment within the timescale required”.
Natural Power gives due diligence companies globally – to seek out out extra please go to https://www.naturalpower.com/our-services/due-diligence/
About Natural Power
Natural Power is a number one unbiased renewable energy and infrastructure consultancy that employs 360 employees globally. The firm presents proactive and built-in consultancy, administration and due diligence companies, backed by an modern product vary, throughout the onshore wind, offshore wind, solar pv and energy storage sectors, whereas sustaining a powerful outlook on different new and rising renewable energy sectors.
Jane Maher, PR and Media
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