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Canadian Hydro expands Alberta wind plant
1 May 2001
Canadian Hydro Developers will add another five 1.3 MW Nordex wind turbines to its wind energy facilities in southern Alberta. The turbines, scheduled to be operational by fall, will be "strategically located" on land that has recently been optioned by the Calgary company and will be used to test the wind resource over the next year. Canadian Hydro expects the land to show a development potential of about 35 MW. The power will be sold on the Alberta spot market, although longer term marketing arrangements are being considered. The installation of the five turbines is being financed through a private placement of flow-through shares in the company that raised C$7 million. As so-called test turbines, the five machines qualify for special tax treatment under the Canadian Renewable and Conservation Expense (CRCE) program. "One hundred per cent of the subscribers' investment will be deductible in computing 2001 income," says Canadian Hydro. From 1996, CRCE was considered a significant step forward by the industry for raising development capital. Canadian Hydro is also planning a 19.5 MW expansion to its 21 MW Cowley Ridge wind plant in Alberta (Windpower Monthly, February 2001).
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