Toronto, Ontario– Potential Renewables Inc. (“Potentia”) is thrilled to announce that its 190 MW Paintearth Wind facility (“the Project”) has reached commercial operation. Previously owned jointly with Greengate Power Corporation, Paintearth is now 100% owned by Potentia. The Project is located 40 kilometers southeast of the Town of Stettler in Alberta, Canada and consists of 38 Siemens Gamesa Renewable Energy (“SGRE”) 145 – 5.0 MW turbines. The Project also has a 15-year power purchase agreement with Microsoft for 543 GWhs per year.
The Project is integrated into Alberta’s electrical grid via a new 240 kV transmission line constructed by ATCO, which connects to the Lanes Lake substation built by Potentia. The Project will generate almost 600,000 MWh of clean, reliable electricity each year, which is enough to power more than 80,000 Alberta homes.
Beyond its environmental impact, the Paintearth Wind facility has been a catalyst for local economic growth, creating approximately 200 jobs during its development and construction phases. It stands as a continual economic driver in the region, offering the equivalent of 6 full-time employment opportunities, generating substantial tax revenue, and contributing $25,000 annually in community funding allocated by local municipalities.
“We are thrilled to mark the completion of the Paintearth Wind facility, a significant achievement in our journey towards sustainable development and a cleaner energy future. This project exemplifies our commitment to cutting-edge engineering, community engagement, and environmental stewardship. We are pleased to be part of the clean energy transition, driving progress and empowering communities.”
Ben Greenhouse, CEO, Potentia Renewables Inc.