Algonquin Power & Utilities Corp. (APUC) (TSX: AQN) has announced the completion of the 20 MW Bakersfield I Solar generation and the 23 MW Morse Wind generation projects. The projects are now operational and selling renewable power in Canada and the United States.
Bakersfield I Solar, located in Kern County, California, is APUC's second solar generating facility and is comprised of approximately 85,000 solar panels located on 165 acres of land. The project is expected to generate 53.3 GWh of energy per year and has a 20 year power purchase agreement with a large investment grade electric utility. Consistent with the commitment to expand its solar generation portfolio, APUC is currently pursuing the construction of the 10 MW Bakersfield II Solar generation project immediately adjacent to Bakersfield I Solar, and is estimated to be operational in the first half of 2016.
Morse Wind, located near Morse, Saskatchewan, is APUC's eighth wind generating facility, and consists of 10 direct drive wind turbine generators over 1,120 acres of land. The project is expected to generate 104.0 GWh of energy per year which is being sold under a 20 year power purchase agreement with a large investment grade electric utility.
"We are very pleased with the continuing success of our North American renewable energy development program as evidenced by the timely completion of these two generation projects", commented Ian Robertson, Chief Executive Officer of APUC. "These projects confirm our commitment to growing our renewable energy portfolio both in Canada and the U.S. and we are confident that these projects represent continued creation of shareholder value".