Edmonton-based energy producer Capital Power has signed a three-year partnership and equity-option agreement with a central Alberta First Nations group, granting them a stake in a Halkirk-area wind project.

The agreement between Capital Power and Louis Bull Tribe, Ermiskine Cree Nation, Montana First Nation, and Samson Cree Nation, known collectively as the four nations of Maskwacis, will become active upon the commercial operation of the Halkirk 2 Wind project, which is currently under construction in the northwest section of Paintearth County.

Construction of the 126-megawatt project, located 100-kilometres southeast of Maskwacis, is about 50 per cent complete with operations expected to begin in December. 

At the conclusion of the three-year agreement, the four First Nations will have an opportunity to acquire a 25 per cent ownership stake in the project.