Construction of what will be Canada's largest solar farm will soon start in southern Alberta after the project secured a major funding partner.
Greengate Power announced Monday that the Travers Solar project in Vulcan County will receive $500 million in funding from Denmark-based Copenhagen Infrastructure Partners.
Construction is set to start midway through this year and will finish in 2021.
Greengate Power president and CEO Dan Balaban said the investment demonstrates investor confidence in Alberta's renewable energy market.
"It's a $500-million foreign investment in Alberta, and at a time where we're talking about the flight of capital from Alberta … this is an example that demonstrates Alberta is still a very attractive place to invest.
"It'll create more than 500 jobs during construction, provide an ongoing income stream for landowners that are participating in the project, and a really substantial form of annual municipal taxes that'll be realized for Vulcan County," he said.
$500M investment means construction to start on Canada's largest solar farm this yearhttps://www.cbc.ca/news/canada/calgary/travers-solar-investment-1.5450846?__vfz=medium%3Dsharebar&fbclid=IwAR0tHm2ePxlEQFSddV0sVs1j3uZmO8rf8G2JfP-6gk14CH_zuBl7EXk0Gc4
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