“Once all three phases of the Whitla Wind facility are completed by the end of 2021, it will be Alberta’s largest wind facility with 353 megawatts of generation capacity,” said
Whitla Wind 3 will generate carbon credits that can be used to hedge against Capital Power’s carbon compliance costs from its
Phase one of Whitla Wind (202 MW) began commercial operations in
Forward-looking information
Certain information in this news release is forward-looking information within the meaning of Canadian securities laws as it relates to anticipated financial or operating performance, events or strategies. When used in this context, words such as "anticipate", "believe", "continue", "estimate", "plan", "intend", "expect", "target" and "will" or similar words suggest future outcomes. By their nature, such statements are subject to significant risks, assumptions and uncertainties, which could cause the Company's actual results and experience to be materially different than the anticipated results. Forward-looking information or statements included in this news release are provided to inform the Company's shareholders and potential investors about management's assessment of the Company's future plans and operations. This information may not be appropriate for other purposes.
Material forward-looking information in this press release includes expectations regarding: (i) the estimated capital costs of Whitla Wind 3, and (ii) the expected project timelines, including the completion date for construction of Whitla Wind 2 and 3. These statements are based on certain assumptions and analyses made by the Company in light of its experience and perception of historical trends, current conditions, expected future developments, and other factors it believes are appropriate. The material factors and assumptions used to develop these forward-looking statements relate to: (i) construction performance and availability of required labour and resources; and (ii) timing of the permitting process.
Whether actual results, performance or achievements will conform to the Company's expectations and predictions is subject to a number of known and unknown risks and uncertainties which could cause actual results and experience to differ materially from the Company's expectations. Such material risks and uncertainties are: (i) changes in general economic and competitive conditions; and (ii) timing and costs of regulatory approvals and construction. See Risk Factors in the Company's 2019 Management's Discussion and Analysis for further discussion of these and other risks.
Readers are cautioned not to place undue reliance on any such forward-looking statements, which speak only as of the specified approval date. The Company does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in the Company’s expectations or any change in events, conditions or circumstances on which any such statement is based, except as required by law.
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