Capital Power | Genesee CCS Project
Canada
Canceled
Overview
Status
-
Canceled
Region
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North America
Geography
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Canada
State
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Alberta
Equity Owner
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Capital Power
Proponent
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Capital Power
Output
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Carbon capture
Type of electricty
-
Capacity
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3 million tonnes of CO2 per year
Financing
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Strategic Innovation Fund Net-Zero Accelerator
Technology
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Technical Advisors
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Mitsubishi Heavy Industries Group (FEED), Kiewit Energy Group (FEED)
Advisors
-
Project Contact
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Avik Dey, Capital Power CEO
Lawyers
-
Project Cost
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$2.3bn CAD
Offtaker
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Enbridge's Open Access Wabamun Carbon Hub
Commercial Operations Date
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2027
Decommission Date
-
FID
-
Description
In May 2024, Capital Power discontinued the development of carbon capture technology at its Genesee Generating Station, near Warburg, Alberta.
“After a detailed review of the project, we have concluded that the economics for CCS at the Genesee site do not meet our targeted risk-return thresholds,” CEO Avik Dey said, stressing that the company still views CCS as a viable technology.
The project was anticipated to start capturing carbon as early as 2027 – capturing 95% of the CO2 emitted from the repowered units and delivering up to 3 million tonnes of annual CO2 reductions.