"Balanced expert perspective available fromour huge archive dating back to 1985"
Major player Brascan Power takes 100 % ownership of Ontario wind developer
1 May 2005
A major player in North America's power market has taken 100% ownership of Ontario wind power developer Superior Wind Energy and plans to focus its development efforts on both sides of the international border. Brascan Power Corporation, which owns 128 mostly hydroelectric generating facilities totalling more than 2700 MW of capacity, recently bought out its joint venture partner in Superior. "At this point in time we are the wind energy development arm for Brascan Power," says Claude Mindorff, Superior's vice president and general manager. "Brascan is very, very excited about wind energy and sees it as a very, very viable future for the power group." Two Superior projects totalling 149 MW were selected in the Ontario government's request for renewable energy proposals completed late last year and the company is "getting ramped up" to respond to the province's just released invitation to tender for 1000 MW of new renewables capacity (page 29). "This year we've hired six more staff and ramped up our permitting activities on our sites," says Mindorff. He says Superior had originally submitted 970 MW worth of projects in the first RFP but was limited by the rules to 150 MW, so he is "quite excited about a new larger, expanded" call for proposals, he says. "We're ready for it." In addition to its home market in Ontario, the company is also focusing its efforts on the Quebec and New England markets, where Brascan is already active.
Have you registered with us yet?
Register now to enjoy more articles and free email bulletins.