A renewable energy company is expanding clean energy practices with a solar energy project near Claresholm.
Greenwood Sustainable Infrastructure (GSI) announced the acquisition of the Homestead Solar Project from Kiwetinohk Energy (KEC) on Sept. 9.
“The acquisition of the Homestead Solar Project represents a significant milestone in expanding GSI’s clean energy presence within the Canadian market,” said Mazen Turk, CEO of GSI. “With talent and perseverance at the core, the GSI team is driving our bold growth across North America’s clean energy market.”
The Homestead Solar Project is one of Canada’s largest solar developments, estimated to be capable of generating up to 400 megawatts of electricity.
The project is located in the Municipal District of Willow Creek, southeast of Claresholm.
To ensure the project is successful, GSI will collaborate with key stakeholders for a seamless transition and successful execution of the project.
GSI is a clean energy subsidiary of Libra Group.
“GSI’s acquisition of the Homestead Solar Project is a testament to their leadership and our shared commitment to advancing renewable energy around the world,” said Camilo Patrignani, Head of Infrastructure for Libra Group. “Supported by rigorous due diligence, risk mitigation strategies, and an expert deal team, GSI is well-positioned to successfully navigate this acquisition and this project’s complexities to prepare for construction.”
The project was originally approved by the Alberta Utilities Commission on Sept. 22, 2022, and is scheduled to be completed by 2027.