SkyPower to build wind power project in Fermeuse

TORONTO, ONTARIO - SkyPower Corp. ("SkyPower"), a company affiliated with Lehman Brothers, announced today that it signed a 20-year power purchase agreement with Newfoundland and Labrador Hydro ("Hydro") to build, operate and sell power from a 27 MW Wind Project to be located in Newfoundland and Labrador.

The project is located near the town of Fermeuse, will comprise nine 3.0 MW wind turbines and is expected to be in operation by the end of 2008.

"The Government of Newfoundland and Labrador has developed one of the most progressive energy policies in the country and their support for the development of wind power is exemplary," said Kerry Adler, CEO of SkyPower.

"The Town of Fermeuse is located in one of the highest wind sites in the country and I am pleased to have the opportunity to work with Hydro to harness the wind and build a major renewable energy project for this region."

"I am excited to see the wind farm proceed towards its plan for construction next year and with the benefits it will bring to the area. We are thrilled that SkyPower has chosen to develop its project here in Fermeuse and we welcome the project," said Fermeuse Mayor Patricia Coady.

Related News

Uzbekistan Looks To Export Electricity To Afghanistan

LONDON - Senior officials with Uzbekistan’s state-run power company have said work has begun on building power cables to Afghanistan that will enable them to increase exports by 70 per cent.

Uzbekenergo chief executive Ulugbek Mustafayev said in a press conference on March 24 that construction of the Afghan section of the 260-kilometer Surkhan-Pul-e-Khumri line will start in June.

The Asian Development Bank has pledged $70 million toward the final expected $150 million bill of the project. Another $32 million will come from Uzbekistan.

Mustafayev said the transmission line would give Uzbekistan the option of exporting up to 24 million kilowatt hours to…

READ MORE
china solar power

Solar Now ‘cheaper Than Grid Electricity’ In Every Chinese City, Study Finds

READ MORE

California scorns fossil fuel but can't keep the lights on without it

READ MORE

california wind turbines

Consumer choice has suddenly revolutionized the electricity business in California. But utilities are striking back

READ MORE

hydro quebec dam

As Maine debates 145-mile electric line, energy giant with billions at stake is absent

READ MORE