Concord Pacific is expanding its renewable energy business with the acquisition of a major wind project in Saskatchewan.

Concord Green Energy, the renewable energy division of Vancouver-based Concord Pacific, has acquired the Golden South Wind Project near Assiniboia, Sask.

The utility-scale facility has 50 wind turbines with 210 megawatts of installed generation capacity and 200 megawatts of contracted capacity. It generates enough electricity to meet the annual needs of up to 100,000 homes, according to a Concord announcement Monday.

“Golden South represents an important step in growing Concord Green Energy into a larger Canadian renewable energy business,” said Terry Hui, president and CEO of Concord Pacific Group.

“Canada is entering a period of significant investment in the power and infrastructure needed to support economic growth, and the federal government’s renewed focus on green, reliable energy creates a strong environment for long-term investment.”

With the acquisition, Concord Green Energy’s operating portfolio grows to about 543 megawatts of installed renewable generation capacity.

The company said its operating assets and projects under development now represent more than one gigawatt of renewable energy capacity across Canada. Its portfolio includes wind, solar, hydroelectric generation and energy storage projects.

Golden South was previously owned by Toronto-based Potentia Renewables Inc., which will continue to manage the project’s day-to-day operations following the acquisition.

The project began commercial operations in March 2022 and operates under a 25-year power purchase agreement with SaskPower, Saskatchewan’s main supplier of electricity.

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