The K2 Wind Power Facility (“K2 Wind”) in Ontario held a Grand Opening Event hosted by Samsung Renewable Energy Inc. (“Samsung”), Capital Power Corporation (TSX: CPX) and Pattern Energy Group Inc. (NASDAQ: PEGI) (TSX: PEG) (Pattern Energy”). One of Canada’s largest wind power facilities, the 270 megawatt (MW) K2 Wind facility is located in the Township of Ashfield-Colborne-Wawanosh (ACW) in southwestern Ontario, and is expected to generate clean energy for approximately 100,000 Ontario homes annually.
The commissioning of K2 Wind allowed Canada to surpass 10 gigawatts (GW) of installed wind energy capacity, making it the seventh country in the world to reach this level of wind power capacity, according to the Canadian Wind Energy Association.
K2 Wind has created a Community Benefits Fund Agreement with the Township of ACW to deliver approximately $15 million in funding for community initiatives over the next 20 years. K2 Wind will also support local residents living near the facility through lease agreements and other benefits.
While in construction, K2 Wind was one of the largest infrastructure projects in Ontario. During its 18-month construction period, the project averaged over 300 workers on site. At peak construction, more than 500 workers were employed by the project.
The facility’s wind turbine components were manufactured in Ontario. A total of 700 turbine tower sections were produced in Windsor by CS Wind and the 420 blades were built in Tillsonburg by Siemens, directly supporting over 800 manufacturing jobs in Ontario. K2 Wind expects to have approximately 20 full-time operations and maintenance employees, along with an additional 10 seasonal positions.
K2 Wind is comprised of 140 Siemens 2.3 MW wind turbines and operates under a 20-year PPA with the Independent Electricity System Operator (IESO).