trending Market Intelligence /marketintelligence/en/news-insights/trending/QrudfYpEfPi3je3rbz4oUg2 content esgSubNav
Log in to other products


Looking for more?

Contact Us
In This List

Apex Clean Energy signs O&M deal with IKEA for Alberta wind farm


COVID-19 Impact & Recovery: Energy Outlook for H2 2021


US utility commissioners: Who they are and how they impact regulation


Climate Credit Analytics: Linking climate scenarios to financial impacts


Essential Energy Insights, April 2021

Apex Clean Energy signs O&M deal with IKEA for Alberta wind farm

Apex Clean Energy has inked a multiyear deal with IKEA Canada LP to manage and remotely operate the 88-MW Wintering Hills wind facility in Alberta, Canada, according to a Jan. 30 news release. According to SNL Energy data, the wind project comprises 55 turbines and was placed online in 2011.

IKEA earlier in January announced plans to acquire the wind farm from Teck Resources Ltd. and TransAlta Corp. under two separate transaction totaling about C$119.6 million. Slated to close in the first quarter of 2017, the acquisition marks IKEA's second wind investment in Canada, following its purchase of the 46-MW Oldman 2 wind farm in Pincher Creek, Alberta, in 2013.

The companies entered partnership twice in 2014, as IKEA acquired from Apex the 165-MW Cameron wind project in Texas and the 98-MW Hoopeston wind facility in Illinois. Apex is still in charge of the operations and maintenance of the two power plants, which both reached commercial operation status in 2015.

The latest agreement with IKEA brings the Apex generation fleet under management to 1,729 MW.