Innergex Renewable Energy has partnered with West Moberly First Nations and inked a 30-year electricity purchase agreement (EPA) with BC Hydro for the Stewart Creek wind project. The 200 MW community wind project is located approximately 60 km east of Innergex’s Dokie Wind Farm, in British Columbia. West Moberly First Nations holds a 51 per cent stake in the project, while Innergex owns 49 per cent.
Furthermore, the wind farm is expected to commence commercial operations in 2030 and will generate approximately 600 GWh annually. The long-term electricity purchase agreement between the two companies is a 30-year take-or-pay contract. It is indexed to a predefined percentage of the Consumer Price Index (CPI) to provide financial stability and safeguard against inflation.
Innergex is a US based renewable power producer focused on developing, acquiring, owning, and operating hydroelectric facilities, wind farms, solar farms, and energy storage facilities. It operates across Canada, US, Chile, and France. Its portfolio includes stakes in 89 operational facilities with a total net installed capacity of 3,377 MW. This includes 42 hydroelectric facilities, 35 wind farms, 9 solar farms, and 3 battery energy storage facilities.
