Wind farm to change ownership

subscribe

One of northern British Columbia's most promising wind-power projects is in new hands.

The pending Thunder Mountain wind-farm project based near Tumbler Ridge was owned primarily by the Aeolis Wind Corporation until just recently, when Aeolis accepted an offer from Brookfield Renewable Power Inc. to buy a controlling stake in the alternative electricity generation project Brookfield also acquired Aeolis' Redwillow proposed wind farm in the same region.

"Brookfield Renewable will lead and control future development of the project with involvement of the Aeolis team," said Brookfield spokesperson Zev Korman. "Aeolis has undertaken initial development and permitting activities on the project since 2005, and will have the option to retain certain ownership in the project on completion."

Brookfield has more than 100 years of history in the hydroelectric field, and is also a major player in the wind-electric field as owners of the Prince Wind Farm near Sault Ste. Marie, Ontario.

"We believe this site to be one of British Columbia's more advanced wind development projects and its location in one of the province's most attractive wind regimes should position it competitively for future development," said Ralf Rank, Brookfield's chief investment officer. "We look forward to working with local stakeholders to continue development of this promising resource. Future capital investment and start of construction is dependent, among other factors, on securing a suitable long-term power purchase agreement."

Aeolis was the company that first started the Bear Mountain Wind Farm project at Dawson Creek, which is now the only operational wind farm in B.C. It is now owned by AltaGas Ltd.

The investment made by Brookfield has an environmental assessment certificate for approximately 320 megawatts of wind generation if they reach full expected production.

Related News

powerlines

N.S. abandons Atlantic Loop, will increase wind and solar energy projects

HALIFAX - Nova Scotia is abandoning the proposed Atlantic Loop in its plan to decarbonize its electrical grid by 2030, Natural Resources and Renewables Minister Tory Rushton has announced.

The province unveiled its clean power plan calling for 30 per cent more wind power and five per cent more solar energy in its power grid. Nova Scotia's plan relies on continued imports of hydroelectricity from the Muskrat Falls project in Labrador via the Emera-owned Maritime Link.

Right now Nova Scotia generates 60 per cent of its electricity by burning fossil fuels, mostly coal. Nova Scotia Power must close its coal plants by…

READ MORE
saskpower building

Sask. Party pledges 10% rebate on SaskPower electricity bills

READ MORE

david stevens

Changes Coming For Ontario Electricity Consumers

READ MORE

powerlines

Smart grid and system improvements help avoid more than 500,000 outages over the summer

READ MORE

Nova Scotia Power says it now generates 30 per cent of its power from renewables

READ MORE