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Over a year ago, Capital Power began discussions about a potential partnership agreement with four Alberta First Nations. Collaborative engagement and transparent consultation resulted in the Louis Bull Tribe, Ermineskin Cree Nation, Montana First Nation and Samson Cree Nation of Maskwacis signing a 3-year partnership and equity option agreement that will be effective following commercial operation of our Halkirk 2 Wind project.
Following the three-year participation agreement, best new online casinowe are offering the four First Nations an opportunity to acquire a combined total of 25% of Halkirk 2 Wind, which would result in an ownership stake in our renewable energy facility. As part of our commitment to reconciliation, the agreement provides an equitable profit-sharing model that supports a pathway for future, long-term equity ownership in the project that can support these nations with sustainable income throughout the lifetime of its operations.
On July 19, members of our team proudly gathered at Louis Bull Tribe with representatives from each Nation to sign the agreement, where we were also honoured to be included in a pipe ceremony with Louis Bull Tribe.
Halkirk 2 Wind is a 126-megawatt (MW) wind facility located in Paintearth County, New casino sitesabout 100 km southeast of Maskwacis. Construction is approximately 50% complete and commercial operations are expected to begin on schedule in December 2024.
“Our partnership with Louis Bull Tribe, Ermineskin Cree Nation, Montana First Nation and Samson Cree Nation represents a significant step forward on Capital Power’s journey of reconciliation. Halkirk 2 Wind is our first such partnership with Indigenous communities in Alberta. We hope this can be the blueprint for many more in the future.” May Wong, Senior Vice President, Strategy, Planning and Sustainability
“This is the first such stake that Louis Bull will have in a renewable energy project. This agreement will provide long-term financial return for our new online casino no deposit bonuspeople and our community. This is a true example of economic reconciliation.” Chief Desmond Bull, Louis Bull Tribe
This collaborative engagement and transparent consultation process is part of Capital Power’s ongoing reconciliation journey. Capital Power is proud to also be involved with the Bears’ Lair TV Youth Dream Camps, the most recent of which was hosted in Maskwacis. To date, we’ve sponsored and participated in five camps, which provide Indigenous Youth with opportunities to explore the world of small business, life as an entrepreneur and ways to pave their path to self-reliance.