Canadian Hydro acquires Windrise Prospect
June 22, 2009
Canadian Hydro Developers Inc. confirmed the purchase of the Windrise Prospect (Windrise) from EarthFirst Canada Inc. for $250,000.
“The acquisition of Windrise is a strategic addition to our diverse
portfolio of wind, run-of-river hydro and biomass development,” said
Kent Brown, executive vice-president & CFO. “It complements our
vision to be the premier independent builder, owner and operator of
renewable energy projects.”
The site is located amongst a cluster of existing Canadian Hydro operations in southern Alberta, directly adjacent to the company’s Soderglen EcoPower Centre near Fort Macleod, where it has been working on the development of the 50MW (25MW net to Canadian Hydro’s interest) Soderglen Expansion Wind Prospect. If built, Windrise represents a minimum capacity generation of 99MW.
“The geographic area is a consistently proven and excellent wind resource, so we fully intend to pursue developing this site,” said Brown. “We have option agreements with the landowners in place.”
Development of the site depends on a proposed 240kV interconnection to the Alberta grid, which is expected to be in place in 2010. Canadian Hydro is continuing to gather data and work through the permitting process to prepare its application for provincial regulators.
CLICK HERE for Canadian Hydro Developers Inc.
The site is located amongst a cluster of existing Canadian Hydro operations in southern Alberta, directly adjacent to the company’s Soderglen EcoPower Centre near Fort Macleod, where it has been working on the development of the 50MW (25MW net to Canadian Hydro’s interest) Soderglen Expansion Wind Prospect. If built, Windrise represents a minimum capacity generation of 99MW.
“The geographic area is a consistently proven and excellent wind resource, so we fully intend to pursue developing this site,” said Brown. “We have option agreements with the landowners in place.”
Development of the site depends on a proposed 240kV interconnection to the Alberta grid, which is expected to be in place in 2010. Canadian Hydro is continuing to gather data and work through the permitting process to prepare its application for provincial regulators.
CLICK HERE for Canadian Hydro Developers Inc.
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