Alberta company joins forces with Ontario firm to build 540 MW of wind power generation
1 May 2004
Alberta's Canadian Hydro Developers and Ontario's Canadian Renewable Energy Corporation (CREC) have joined forces to develop two Ontario wind power projects with a combined capacity of 540 MW. The development team expects to bid both projects into the Ontario government's upcoming request for proposals (RFP) for 300 MW of renewable energy capacity. The planned RFP, says the boss of major utility Canadian Hydro, John Keating, is creating the kind of market certainty the province has been lacking. "Canadian Hydro views this as a very positive signal to independent producers of green electricity." CREC has granted Canadian Hydro an option to jointly develop the 300 MW Wolfe Island Wind Project near Kingston, which is expected to proceed in five 60 MW stages. In return, Canadian Hydro has granted CREC an option to jointly develop its 240 MW Melancthon/Grey Highlands Wind Project, which will be built in four 60 MW phases. CREC also has the option to buy 50% of the Alberta company's four Ontario hydroelectric plants, which have a combined capacity of 10.9 MW. Meanwhile, Canadian Hydro has reached a multi-year deal with Calgary's Nexen Inc for the sale of 40,000 MWh a year of renewable energy certificates, which will allow Nexen to meet the terms of its electricity supply contract with the Alberta Urban Municipalities Association. The association requires that 20% of the power must come from low-impact renewable energy sources. Its electricity aggregation program allows cities and towns to buy their electricity under one large contract.
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