All 73 turbines erected at Carleton wind farm
The commissioning is underway and commercial operations should begin by November 30, as originally planned.
Innergex owns 38% of the Carleton wind farm through its interest in Cartier Wind Energy. TransCanada Corporation holds 62% ownership in the wind farm.
Construction of the project began in October 2007. The project has a total installed capacity of 109.5 megawatts (MW) and will generate 340,000 MW/hr of energy per year. Expected annual revenues for this wind farm should total $26 million.
"We are very satisfied with the way construction work has progressed and are very confident that the project will reach commercial operation on time and on budget," stated Michel Letellier, President and Chief Executive Officer of the Corporation.
The Carleton wind farm is the third Cartier Wind Energy project to be built following Hydro-Quebec Distribution's first call for tenders. The Carleton wind farm has a 20-year power purchase agreement with Hydro-Quebec for energy generated by the facility.
Related News
NEW Hydro One shares down after Ontario government says CEO, board out
TORONTO - Hydro One Ltd. shares slid Thursday with some analysts sounding warnings of greater uncertainty after the new Ontario government announced the retirement of the electrical utility's chief executive and the replacement of its board of directors.
After sagging by almost eight per cent in early trading on the Toronto Stock Exchange, shares of the company were later down four per cent, or 81 cents, at $19.36 as of 11:42 a.m. ET.
On Wednesday, after stock markets had closed for the day, Ontario Premier Doug Ford announced the immediate retirement of Hydro One CEO Mayo Schmidt. He leaves with a $400,000…
