Capital Power, the Edmonton-based power company, is selling a 250 MW operational portfolio of contracted wind assets in Ontario and British Columbia, sources told Infralogic.

CIBC is acting as exclusive financial advisor on the process, codenamed ‘Project Monarch,’ sources said.

The portfolio consists of two wind projects: Quality Wind, the 142 MW facility near Tumbler Ridge in northeastern British Columbia; and Port Dover & Nanticoke Wind, the 104 MW facility in Haldimand and Norfolk Counties, Ontario

Both are fully contracted with government offtake, Quality Wind with BC Hydro and PDN Wind with Toronto’s Independent Electricity System Operator, according to a teaser seen by Infralogic. The assets have a combined 2023 EBITDA of CAD 73m (USD 53m).

Capital Power declined to comment. CIBC did not respond to a request for comment.