Deal struck for Manitoba wind farm
Construction on the 138-megawatt wind project - the second major one in the province - will begin immediately, Premier Greg Selinger announced.
"The construction of the second major wind farm in this province is an exciting and significant step," he said.
The project's go-ahead was made possible because of a 27-year power purchase deal between Manitoba Hydro and San Francisco-based Pattern Energy Group.
Pattern will invest $95 million and Manitoba Hydro will loan the company up to $260 million to be repaid over 20 years.
The total cost of the wind farm, which will be located about 100 kilometres south of Winnipeg, is estimated to be $345 million.
The first wind turbines are expected to be producing electricity by the end of the year.
When finished in the spring of 2011, there will be 60 wind turbines covering an area of 125 square kilometres in the rural municipalities of Montcalm and Rhineland.
The project is a downsized version of one the provincial government and Hydro were touting back in 2008. At that time, the proposal was for a 300-megawatt farm and would have been the largest in Canada.
That deal, however, fell through when the economy went into a tailspin.
The loan guarantee to Pattern Energy was necessary to revive the project, the government said.
Manitoba's other wind farm is located near St. Leon, about 125 kilometres southwest of Winnipeg. The 100-megawatt farm became operational in 2006.
Related News
Poland’s largest power group opts to back wind over nuclear
WARSAW - PGE, Poland’s biggest power group has decided to abandon a role in building the country’s first nuclear power plant and will instead focus investment on offshore wind energy.
Reuters reports state-run refiner PKN Orlen (PKN.WA) could take on PGE’s role, while the latter announces a $10bn offshore wind power project.
Both moves into renewables and nuclear represent a major change in Polish energy policy, diversifying away from the country’s traditional coal-fired power base, in a bid to fill an electricity shortfall and meet EU emission standards.
An unnamed source told the news agency, PGE could not fund both projects and cheap…
