Greengate’s first project, the 150 megawatts Halkirk I Wind Project, was completed in 2012. it was central Alberta’s first wind project and, at the time of construction it was Alberta’s largest wind project. The Project is located in the County of Paintearth, 40 km east of the Town of Stettler. This project supplies enough electricity to power approximately 50,000 homes. Unlike most other planned wind energy projects in Alberta, the project connected into Alberta’s existing transmission system without any system upgrades while other developers in Alberta await billions of dollars worth of transmission upgrades. Greengate acquired all of the land needed to build this project, received approval from the Alberta Electric System Operator to connect the project into the transmission grid, utilizing the existing transmission system without the need of major transmission upgrades. Once the project was "shovel ready" the Halkirk I Wind Project was sold to Capital Power corporation. The Halkirk I Wind Power Project was the first wind energy project approved by the Alberta Utilities Commission since the electricity and utilities board reorganization. The permit required an extensive review by the AUC of the project’s participant involvement program, the environmental impact assessment, potential visual and noise impacts, proposed gathering system routing, potential impacts on pipelines, and other pre‐requisite project approvals. Greengate closed a $10.8 million private placement financing to be funded in two tranches, with the first tranche raising gross proceeds of $5.8 million in September 2010. The balance of the proceeds will be advanced upon future milestones which are likely to be achieved in March 2011. The California Public Utilities Commission approved three 20-year power purchase agreements for a total of 450 Megawatts in new wind energy generation between Pacific Gas and Electric Company and Greengate’s Halkirk I Wind Project LP, Blackspring Ridge IA Wind Project LP and Blackspring Ridge IB Wind Project LP. The PPAs relate to the purchase and sale of renewable energy credits generated by Greengate’s 150 Megawatts Halkirk I Wind Project and 300 MW Blackspring Ridge I Wind Project, both located in Alberta, Canada. This is the third largest wind energy transaction ever executed by a California utility and shows the innovation behind Greengate’s development. The Halkirk I Wind Project will also have a significant impact on Alberta's GHG emission over the life of the project. Over a 20-year period, the Halkirk I Wind Project will result in greenhouse gas emissions reductions of 5.4 million tonnes CO2e. Greengate’s second project was the Blackspring Ridge I Wind Project, with a total generating capacity of 300 MW, upon completion in 2013, BSR was the largest wind farm in Canada and remains the largest in Alberta. Again Greengate brought this project through all the stages of development and then sold it shovel ready, this time to EDF EN Canada and Enbridge. Combined, these two projects developed by Greengate total 450 MW and account for approximately 1/3 of all operating wind power in Alberta.
