Canada

Canada

Renovalia to build 120MW Canadian wind farm

CANADA: Independent Spanish renewables developer Renovalia Energy has announced it will start building a €200 million, 120MW wind plant in the Canadian province of Alberta, in the first-quarter 2011.

In a statement, the company said it expects to make a public call for turbines "in the next few weeks". Renovalia expects the plant to be operational before end-2011.

The Peace Butte wind development is Renovalia’s first in Canada and forms part of the company’s international expansion strategy. Renovalia highlights Canada as a market "with high growth potential".

The project also brings Renovalia’s wind capacity under construction, or set to build, to 363MW. As well as Peace Butte, that figure includes also the 228MW Piedra Larga development in Oaxaca, Mexico, and the 15MW Babolna development in Hungary, the company’s second wind plant in that country

That is in addition to the 553MW the company already claims to operate. Renovalia has a 2.4GW renewables portfolio—mainly in wind and solar projects— spread across Europe and North and Central America.

In May, Renovalia postponed a plan to raise €152 million through a stock market floatation, citing the financial crisis and uncertainty regarding future renewables regulation in Spain.

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