“uåX˜äŠÊ˜·³Ç

Global investment major Copenhagen Infrastructure Partners (CIP) has launched a new subsidiary dedicated to renewable energy development in Canada. 

Horizon New Energy will build on CIP’s existing activities in Canada and inherits a pipeline which includes the construction of the country’s largest onshore wind project, the 495MW Buffalo Plains project in Alberta. 

Canada currently has 15.8GW of operational wind capacity, giving it the tenth largest wind fleet worldwide according to “uåX˜äŠÊ˜·³Ç Intelligence, the research and data division of “uåX˜äŠÊ˜·³Ç. 

Horizon New Energy will be an independent power producer that “owns both operational projects and a growing pipeline of projects under construction and development”, CIP stated. 

The new company will be based in Calgary, Alberta, in the west of the country. Alberta currently has more wind capacity than any other province in Canada, and Horizon New Energy will take on CIP’s ‘Flagship Funds’ of 1.2GW of development assets in the province, including onshore wind, solar and battery storage. 

It will be led by new managing director Shannon Wever, who joins from Albertan utility Enmax Energy.