Canadian Hydro acquires Windrise Prospect
By Anthony Capkun
Canadian Hydro Developers Inc. confirmed today the purchase of the Windrise Prospect 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, Hydro’s executive vice-president and 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 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,” Brown
continued. “We have option agreements with the landowners in place.”
Development of the site depends upon a proposed 240kV interconnection
to the Alberta grid, which is expected to be in place in 2010. Hydro is
continuing to gather data and work through the permitting process to
prepare its application for provincial regulators.
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