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EarthFirst Canada sells Ontario project
1 June 2009
Ontario developers Schneider Power and Land's End Corporation have agreed to buy Grand Valley Wind Farms Inc from its owner, EarthFirst Canada, for C$800,00. Grand Valley has contracts to sell the output from 22 MW of wind to the Ontario Power Authority under the province's standard price offer program for projects less than 10 MW in size. Another 28 MW is expected to be developed under Ontario's new green power purchase price program, which has no size limits. It is under development. Schneider Power will take a 66% ownership in the joint venture with Land's End Corporation retaining a 34% interest. EarthFirst, based in Calgary, filed for court protection last November after running into financial trouble (Windpower Monthly, December 2008). The company has also sold its 45 MW Nuttby project in Nova Scotia, but is still negotiating to sell its largest and most advanced project, the 144 MW Dokie 1 project in British Columbia. Construction at the site is in limbo, with just five of the 48 Vestas 3 MW turbines erected. EarthFirst says it is hoping to have a buyer for either the project, its unused turbines or the company itself by the end of this month.
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