Capstone Infrastructure has announced its acquisition of the assets of the Watford Wind Facility from Zephyr Farms.
The 10-MW facility is located near the municipality of Brooke-Alvinston in Ontario and operates under a power purchase agreement that expires in 2032. The addition of Watford increases Capstone’s wind power generation to 194 MW in Ontario.
“We are really pleased to be adding Watford to our Ontario wind fleet as it complements our existing wind farms in the area and demonstrates Capstone’s ability to leverage our operational expertise to grow the business,” said David Eva, Chief Executive Officer, Capstone Infrastructure.
Capstone’s strategy is to develop, acquire and manage a portfolio of high-quality power assets. The company recently also acquired the remaining 51% interest in Glen Dhu, a 62.1-MW wind facility located near Merigomish, Nova Scotia, and the remaining 50% interest in Fitzpatrick, a 1.6-MW wind facility located near Pictou, Nova Scotia, increasing Capstone’s interests in both to 100%.
The company currently owns and operates approximately net 543 MW of installed capacity across 24 facilities in Canada.