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Canada

Canada

WPD secures Canadian financing

CANADA: WPD has secured a financing deal with two German banks to construct two wind farms totalling 14.35MW in Ontario.

The projects will use Senvion's MM92 turbine
The projects will use Senvion's MM92 turbine

The German developer WPD, KfW Ipex-Bank and the Helaba bank will provide the funds to build wind projects in Springwood and Whittington, southern Canada.

They are the first to be constructed by WPD in North America.

The developments have a joint capacity of 14.35MW and will use seven Senvion (formerly Repower) MM92 2.05MW turbines. It is expected the sites will be commissioned by the end of this year.

The turbines are being supplied under a set of six deals totalling 52 turbines signed between Senvion and WPD in 2012.

Senvion also agreed to build a blade factory in Ontario so it could meet the 50% local content requirement under the province's feed-in-tariff programme.

WPD said it is planning to develop another four wind sites in Canada with a total capacity of 90MW by 2016.

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