Boralex acquires rights for Ontario wind project
CHATHAM-KENT, ONTARIO - Boralex, a private electricity producer, has acquired the rights for a wind project with a potential installed capacity of 100MW in Ontario, Canada.
The wind power project, located in the municipality of Chatham-Kent, will be submitted into the Ontario Power Authority's third request for proposal (RFP) for 500MW of renewable energy supply likely due in fall 2008.
This RFP represents one of the measures taken by the Ontario government in view of securing 2,000MW of renewable energy.
Patrick Lemaire, president and CEO of Boralex, said: "This strategic acquisition allows Boralex to reinforce its presence in Canada, principally in a region favorable to the production of renewable energy, and in a sector where its expertise is recognized."
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The memo will be signed between the National Electric Power Company(NEPCO) and the Saudi National Electricity Company.
The agreement will enable the two sides to initiate technical and financial feasibility studies for the project, which aims to enhance the stability and reliability of electricity networks in both countries.
The initial feasibility studies, which came as part of the comprehensive Arab electricity linkage issued by the Arab League in 2014, had shown the possibility of implementing the Jordanian-Saudi linkage.
Also on Wednesday, the Government approved the…