Greengate Power
Greengate Power is a Calgary-based privately held renewable energy developer that originates, builds, and divests utility-scale wind, solar, and solar-plus-storage projects in Alberta, serving institutional acquirers and corporate offtakers including Amazon, Microsoft, and PG&E.
- Company typePrivate
- Founded2007
- HeadquartersCalgary, Canada
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Greengate Power does
Greengate Power Corporation is a privately held renewable energy project developer founded in 2007 and headquartered in Calgary, Alberta. The company originates, develops, constructs, and divests utility-scale wind, solar, and solar-plus-storage projects in Alberta, with a cumulative portfolio of approximately 1.5 GW of operating or in-construction capacity representing more than C$2 billion of capital mobilized. Its flagship assets include Travers Solar (465 MW, Canada's largest operating solar project), Blackspring Ridge (300 MW, Canada's largest operating wind project), Halkirk Wind (150 MW), Wheatland Wind (120 MW), and the in-construction Paintearth Wind (150 MW) and Stirling Wind (113 MW); the development pipeline also includes Lathom Solar and three solar+storage projects (Midnight, Jurassic, Luna) sold to Northland Power.
The business model is a develop-and-sell originator model combined with selective co-investment. Greengate sources sites, secures land leases, obtains regulatory approvals (notably Alberta Utilities Commission and AESO Renewable Electricity Support Agreements), and either sells shovel-ready or operating projects to institutional acquirers (Capital Power, EDF EN Canada/Enbridge, Northland Power) or partners with infrastructure capital (Copenhagen Infrastructure Partners, Potentia Renewables) and corporate offtakers (Amazon, Microsoft, PG&E) to fund construction. Revenue is generated from one-time gains on project divestitures, development and management fees, and distributions from retained minority economic interests in operating assets.
The customer base is concentrated in hyperscale technology buyers seeking renewable energy to meet net-zero commitments and in infrastructure funds seeking long-dated, contracted returns. Distribution relies on direct enterprise sales, project-finance syndication, and relationship-driven stakeholder engagement, including co-ownership structures with Indigenous communities (Paul First Nation on Stirling Wind). The company operates with a lean team of 10 permanent employees, augmented by contractors and construction-phase labor that reached 1,000+ for the Travers Solar build.
Greengate Power firmographics
Firmographics- Name
- Greengate Power
- Legal name
- Greengate Power Corporation
- Website
- https://greengatepower.com
- Company type
- Private
- Founded year
- 2007
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Greengate Power is a Calgary-based privately held renewable energy developer that originates, builds, and divests utility-scale wind, solar, and solar-plus-storage projects in Alberta, serving institutional acquirers and corporate offtakers including Amazon, Microsoft, and PG&E.
- Ownership category
- akta.pro rank
Greengate Power industry classification
Industry- Product category
- Utility-Scale Renewable Energy Development
- NAICS
- Wind Electric Power Generation (221115), Solar Electric Power Generation (221114), Electric Power Generation (22111)
- SIC
- Electric Services (4911)
- akta.pro primary industry
- PPA Origination, Structuring & Offtake Contracting (Physical/Financial, Sleeves) (EUAMAMAD)
- akta.pro secondary industries
- Utility-Scale Generator PPAs (Project Offtake) (EUAGADAB), Hybrid PPAs (Renewables + Storage) & Firm Renewable Products (EUAGADAI), Contracted Wind Power Generation (PPA/CFD/FiT-backed) (EUACAFAJ)
Keywords
Where Greengate Power is headquartered
LocationHeadquarters
- HQ city
- Calgary
- HQ country
- Canada
- HQ region
- North America
Offices1 record
Markets served
Greengate Power business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Infrastructure, Personnel, Operations, Technology or R&D, Marketing or Sales
Revenue model
- Project Development and Sale: Greengate develops renewable energy projects to shovel-ready or operating status and sells them to financial partners/investors, retaining ongoing economic interests and management services.
- Joint Venture Ownership: Co-owns projects with partners (e.g., 25% stake in Paintearth Wind with Potentia, 100% ownership of Lathom Solar in development).
- Power Purchase Agreements: Projects secured under 15-20 year PPAs with corporate offtakers like Microsoft and Amazon, providing long-term contracted revenue.
Go-to-market motion1 record
Distribution channels4 records
Marketing channels7 records
Greengate Power product offering
Product offeringCore offering
Greengate Power is a privately held renewable energy developer that originates, develops, and brings to construction or operation utility-scale wind, solar, and solar-plus-storage projects in Alberta, Canada. The company secures long-term power purchase agreements (PPAs) and Renewable Electricity Support Agreements (RESAs), then sells or co-develops the projects with institutional investors and infrastructure funds such as Copenhagen Infrastructure Partners, Potentia Renewables, and Northland Power, while retaining ongoing economic interests and management roles.
Product overview
Greengate Power is a privately held renewable energy development company based in Calgary, Alberta, specializing in utility-scale wind and solar energy projects. The company's portfolio consists of individual named projects spanning solar photovoltaic (Travers Solar, Lathom Solar, Midnight Solar+, Jurassic Solar+, Luna Solar+), wind energy (BlackSpring Ridge Wind, Halkirk Wind, Paintearth Wind, Stirling Wind, Wheatland Wind), and hybrid solar-plus-storage projects. Greengate develops projects from inception through construction, then either retains ownership or divests to partners. The portfolio includes Canada's largest operating wind project (BlackSpring Ridge - 300 MW) and largest solar project (Travers Solar - 465 MW). Since 2007, Greengate has developed close to 1.5 GW of operating or in-construction renewable energy projects representing over $2 billion of investment.
Differentiator
Problem solved
Functional benefit
Products and services
- Travers Solar
- BlackSpring Ridge Wind
- Halkirk Wind
- Paintearth Wind
- Stirling Wind
- Wheatland Wind
- Lathom Solar
- Midnight Solar+
- Jurassic Solar+
- Luna Solar+
Quantifiable outcome
- 1.5 GW of operating and in-construction renewable energy developed
- +2 more outcomes
Companies that use Greengate Power
Customer profileNamed customers3 records
Segments4 records
Ideal customer profiles4 records
Greengate Power technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Greengate Power partnerships and signals
Strategic signalPartnerships
Ten partnerships are on record, tiered flagship, core and major.
- Potentia RenewablesflagshipPotentia is a fully integrated developer, owner, and operator of renewable energy assets. Greengate has co-developed multiple projects with Potentia including Paintearth Wind (75% Potentia, 25% Greengate), Stirling Wind (majority-owned by Potentia), representing their third wind energy project developed together.
- MicrosoftcoreMicrosoft entered into a 15-year power purchase agreement to purchase approximately 543 GWh of renewable energy annually from Paintearth Wind project, supporting Microsoft's goal of contracting 100% renewable energy consumption by 2025.
- AmazoncoreAmazon signed a corporate power purchase agreement to offtake up to 400 MWac from Travers Solar project, making it one of the largest corporate renewable energy deals in Canada.
- Northland PowermajorNorthland Power purchased multiple Greengate-developed projects including Jurassic Solar+ (220 MW), Luna Solar+ (1 GW), and Midnight Solar+ (up to 465 MW), representing Canada's largest proposed renewable energy developments.
- EDF EN Canada and EnbridgemajorEDF EN Canada and Enbridge partnership acquired the 300 MW Blackspring Ridge Wind Project from Greengate in 2013. This was the largest single investment in wind energy in Canada at approximately $600 million.
- Capital PowermajorCapital Power acquired the 150 MW Halkirk Wind Project from Greengate in 2011. The project was completed in 2012 with 83 Vestas V90-1.8 MW wind turbines.
- Paul First NationcorePaul First Nation is a joint owner partner in the 113 MW Stirling Wind Project alongside Greengate and Potentia. This represents one of the first successful renewable energy project partnerships between industry and a First Nations community in Alberta.
- PCL ConstructionmajorPCL Construction was responsible for construction of the Travers Solar project, Canada's largest solar photovoltaic project.
- Jinko Solar CanadamajorJinko Solar Canada supplied monocrystalline bifacial solar panels (approximately 1.3 million) for the Travers Solar project.
- Siemens Gamesa Renewable EnergymajorSiemens Gamesa Renewable Energy supplied 38 wind turbines for the Paintearth Wind project with an installed capacity of 190 MW.
Scale indicators6 records
Recent moves7 records
Expansion highlights5 records
Greengate Power competitors and assessment
Company assessmentDirect peers
- Capital Power: Alberta-headquartered independent power producer with growing wind and solar portfolio; acquired Greengate-developed Halkirk Wind and competes for the same Alberta corporate PPA and AESO contracts.
- Northland Power: Canadian renewable energy developer and owner-operator that acquired multiple Greengate-developed solar+storage projects (Jurassic, Midnight, Luna), making it both a buyer and a direct competitor for utility-scale Canadian renewables.
- Potentia Renewables: Fully integrated Canadian renewable developer co-developing multiple wind projects with Greengate (Paintearth, Stirling); competes head-to-head for Alberta wind sites and corporate offtake.
- Boralex: Quebec-headquartered renewable energy developer with active wind, solar, and storage pipeline across Canada; comparable in scale and corporate PPA strategy.
- Innergex Renewable Energy: Canadian independent renewable power producer developing wind, solar, and hydro projects; competes for similar long-term PPA structures and institutional investor partnerships.
Broad incumbents
- EDF Renewables Canada: Canadian arm of EDF Renewables; acquired Greengate's 300 MW Blackspring Ridge and is a major utility-scale renewable developer with deeper balance sheet and broader project pipeline.
- TransAlta Renewables: Largest Alberta-based renewable power producer; competes for utility-scale wind/solar development in the same AESO procurement framework and corporate PPA market.
- Enbridge Renewable Energy: North American energy infrastructure major with growing renewables arm; partnered with EDF to acquire Blackspring Ridge from Greengate and competes for large renewable offtake deals.
- ATCO Energy: Alberta-based diversified energy and infrastructure company with growing renewables portfolio; competes for utility-scale renewable projects and AESO contracts in Greengate's home province.
Others
- Copenhagen Infrastructure Partners (CIP): Global energy infrastructure fund that funded Greengate's Travers Solar; serves both as a capital partner and as an indirect competitor for renewable development opportunities.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Greengate Power social profiles
Digital presenceGreengate Power financial estimates
Financial estimateRevenue estimate
Valuation estimate
Greengate Power leadership team
Management profileNumber of profiles
Profiles1 record
Greengate Power funding detail
Funding detailFunding overview
Funding rounds3 records
Investors4 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Greengate Power M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Greengate Power
What does Greengate Power do?
Greengate Power is a privately held renewable energy developer that originates, develops, and brings to construction or operation utility-scale wind, solar, and solar-plus-storage projects in Alberta, Canada. The company secures long-term power purchase agreements (PPAs) and Renewable Electricity Support Agreements (RESAs), then sells or co-develops the projects with institutional investors and infrastructure funds such as Copenhagen Infrastructure Partners, Potentia Renewables, and Northland Power, while retaining ongoing economic interests and management roles.
Is Greengate Power a public or private company?
Greengate Power is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Greengate Power founded?
Greengate Power was founded in 2007. It employs 1 to 10 people.
Where is Greengate Power based?
Greengate Power is headquartered in Calgary, Canada, in the North America region.
How does Greengate Power make money?
Three revenue lines are on record. Project Development and Sale is the primary driver. The others are joint Venture Ownership and power Purchase Agreements.
Who are Greengate Power's main competitors?
Direct peers on record are Capital Power, Northland Power, Potentia Renewables, Boralex and Innergex Renewable Energy. Broad incumbents are EDF Renewables Canada, TransAlta Renewables, Enbridge Renewable Energy and ATCO Energy. Copenhagen Infrastructure Partners (CIP) is listed as an others.
Does Greengate Power have an API?
No public API is recorded for Greengate Power.
What industry is Greengate Power in?
Greengate Power's product category is Utility-Scale Renewable Energy Development. Its primary akta.pro industry code is EUAMAMAD, PPA Origination, Structuring & Offtake Contracting (Physical/Financial, Sleeves), with a secondary code of EUAGADAB, Utility-Scale Generator PPAs (Project Offtake). Its NAICS code is 221115 and its SIC code is 4911.