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CAROLINE COMMUNITY

9 MW GRID CONNECTED DISTRIBUTED SOLAR

PROJECT SUMMARY

PACE Canada LP (PACE), is developing a 9 MWac solar project, in partnership with the Village of Caroline through a Community Benefit Agreement. Starting in 2019, PACE has conducted the requisite studies for connection to the Fortis distribution system and to complete the AUC 007 consultation process. Considering the projects location within an Urban Boundary and the related legislation, the project received a confirmation letter from Alberta Environment &amp; Parks (AEP) after a desktop study concluded no environmental impacts. It is expected that all necessary documentation for the AUC to issue a “leave to Construct and Operate” permit will be completed by Q4-2020. The project will connect to the Fortis distribution system and will export electricity onto the Alberta Interconnected Electric System (AIES). The project has received a Municipal development letter of support and will conclude its Public Consultation Process in Q3-2020.

QUICK FACTS

Location:
Caroline, Alberta
Project Type:
Solar - connected to distribution grid
Capacity (MWac):
9.3
CAPEX ($M):
13
In-service Date (ISD):
Q2-2022
Target (unlevered IRR):
11-13%
Commercial:
TBD
Counterparty:
TBD
Supporting Agreement:
MOU signed with Village of Caroline
Ownership:
50%

ABOUT PACE CANADA LP

PACE Canada LP is a limited partnership jointly and equally owned by Pathfinder Clean Energy, a global clean energy development and investment company, and SWITCH Power. This partnership combines 4 GWs of local and North American development experience with over 30-years of global combined clean energy experience, specializing in technical engineering and design of solar development and construction abroad. The partnership is jointly developing 4 distributed solar projects totaling 78 MWac.

DEVELOPMENT MILESTONES

  • Site Control:
    79.5 acres
  • Environmental Permit:
    AEP Letter of Support (referral report equivalent for Urban Boundaries).
  • HRA Clearance:
    N/A
  • Interconnection:
    Fortis Stage 1 Public Involvement
  • Program:
    Letter of support from municipality early engagement with immediate stakeholders and county
  • PIP and open house planned for Q3-2020.
  • Federal Permits:
    Planned Q2-2020 (pre-AUC)
  • AUC Filing:
    Planned for Q4-2020
  • Development Permit:
    Planned post AUC permit
  • Commercial Off-take:
    On-going
  • Financing:
    On-going
Caroline Solar - 9MW - PACE Canada LP