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Trans-Alta secures New Brunswick PPA

Calgary's Canadian Hydro Developers has sold its 21 MW Fairfield Hill wind project to TransAlta Corporation, also based in Calgary. Canadian Hydro acquired Fairfield Hill, which recently won a 20 year power purchase contract with New Brunswick Power, through its purchase of Vector Wind Energy in December. CEO John Keating says although the project is an excellent prospect, it does not fit with Canadian Hydro's strategic focus, which centres on development opportunities in British Columbia, Alberta, Ontario and Manitoba. For its part, TransAlta expects to develop the site at a future date and instead has added 21 MW to a power purchase agreement it already has for its Kent Hills project, also in New Brunswick. It will add seven Vestas 3 MW turbines to the 25 already slated for installation at the site, located 32 kilometres southwest of Moncton. The capital cost of the project will increase by C$40 million to C$170 million. TransAlta plans to start construction of the project by early 2008, with commercial operations beginning by the end of the same year.

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