Concord Pacific is deepening its push into renewable energy after its clean-power division, Concord Green Energy, acquired the Golden South Wind Project near Assiniboia, Sask.
The Vancouver-based company announced the deal on Monday. Golden South is a utility-scale wind facility with 50 turbines, boasting 210 megawatts of installed generation capacity and 200 megawatts of contracted capacity. According to the company, the project produces enough electricity annually to power up to 100,000 homes.
A Bigger Bet on Canadian Renewables
Terry Hui, president and CEO of Concord Pacific Group, said the acquisition marks a meaningful move toward building Concord Green Energy into a larger renewable energy player in Canada. He pointed to what he described as a period of significant national investment in power and infrastructure, adding that renewed federal attention on green and reliable energy is creating favorable conditions for long-term investment in the sector.
With Golden South added to its holdings, Concord Green Energy’s operating portfolio now totals roughly 543 megawatts of installed renewable generation capacity. The company said its combined operating assets and projects still in development now exceed one gigawatt of renewable capacity nationwide, spanning wind, solar, hydroelectric generation and energy storage.
Ownership Change, Same Operator
Golden South was previously owned by Toronto-based Potentia Renewables Inc., which will remain responsible for the wind project’s day-to-day management going forward under the new ownership structure.
The wind farm began commercial operations in March 2022 and runs under a 25-year power purchase agreement with SaskPower, the province’s main electricity supplier. That long-term contract provides a stable revenue arrangement tied directly to the province’s electricity grid.
Concord Pacific’s latest acquisition adds to a growing renewable energy footprint that already spans multiple provinces and technology types, as the company continues expanding its position in Canada’s clean power sector.
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