Canada

Canada

Oil sands developer invests C$66m stake in wind energy

CANADA: Canada's largest energy company and its biggest miner are working together to develop a wind energy project in Alberta.

Calgary’s Suncor Energy said it has signed a joint venture agreement with Teck Resources Limited that will see the Vancouver-based coal, zinc and copper mining company take a 30% stake in Suncor’s 88MW Wintering Hills Wind Power Project.

Teck, whose energy interests have until now been focussed on the Alberta oil sands, will invest approximately C$66million.

"Teck is committed to the efficient use of energy and responsible management of associated greenhouse gas emissions to create a more sustainable future," John Thompson, vice-president of technology and development at Teck, said in a statement.

Construction of the project, which will use 55 GE Energy 1.6MW turbines, began in July and is expected to be completed next year. It is located on private land approximately 21km southeast of the community Drumheller in the central part of the province.

Suncor has stakes if four other wind projects in the provinces of Ontario, Saskatchewan and Alberta with a total capacity of 147 MW.

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