Canadian developer Concord buys wind farm, plots new data centres

Skip to Content News Archives Economy Energy Oil & Gas Renewables Electric Vehicles Mining Commodities Agriculture Real Estate Mortgages Mortgage Rates Finance Banking Insurance Fintech Cryptocurrency Work Wealth Smart Money Wealth Management Investor Personal Finance Family Finance Retirement Taxes High Net Worth FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials More Innovation Information Technology FP500 Podcasts Small Business Lives Told Tails Told Shopping Financial Post Store Obituaries Place a Notice Advertising Advertising With Us Advertising Solutions Postmedia Ad Manager Sponsorship Requests Classifieds Place a Classifieds ad Working Profile Settings My Subscriptions My Offers Newsletters Customer Service FAQ News Economy Energy Mining Real Estate Finance Work Wealth Investor FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials This advertisement has not loaded yet, but your article continues below.HomeCommoditiesEnergyCanadian developer Concord buys wind farm, plots new data centresThe Golden South Wind Project is the largest active wind farm in SaskatchewanAuthor of the article:A general view of wind turbines is seen at Nikkawahama Beach in Kamisu city, Ibaraki prefecture on August 2, 2025. Photo by PHILIP FONG/AFP via Getty ImagesConcord Pacific Developments Inc. acquired a field of 50 wind turbines from Potentia Renewables Inc. for several hundred million dollars, deepening the Canadian developer’s long-term bet on renewables, its chief executive said, adding that he’s working on a move into data centres too.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountThe Golden South Wind Project is the largest active wind farm in western Canada’s prairie province of Saskatchewan. It has capacity of 210 megawatts, with 200 megawatts of that contracted — which it says is enough to supply 100,000 homes. It has a power-purchase agreement with the provincial utility Saskatchewan Power Corp.“It’s an expanding sector, and it’s a good, reliable, steady investment,” Concord Pacific chief executive Terry Hui said in an interview. He added that Canada’s federal government wants to grow the sector.Vancouver-based Concord Pacific was founded in 1987 and is one of Canada’s largest real estate developers. It branched into renewable energy about 15 years ago. The Saskatchewan deal almost doubles that arm of the company’s total installed capacity, to about 543 megawatts. It has plans for other projects in early stages of development which could generate several hundred megawatts more.“There are a lot bigger plans than this,” Hui said, pointing to the Amisk Hydroelectric Project in northwest Alberta, currently in the planning stages.Artificial intelligence is one factor, along with others like electric vehicles, that are likely to create “big increased demand” for power, and that “can be supported by renewables,” Hui said.Concord Pacific is also working on building “a few” so-called powered shells — purpose-built facilities to house AI data centers — across Canada, Hui added.These server farms would be “urban, low latency, smaller-scale” and under 50 megawatts. “It’s not hyper-scale,” he said.This advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. 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