Canadian Hydro acquires Windrise Prospect
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.