B.C. Hydro Approves Five Wind Projects in Tumbler Ridge Region
By 250 News
Saturday, March 13, 2010 04:12 AM
Prince George, B.C.- Five wind projects are among 19 approved by BC Hydro in it’s first call for clean power.
Combined, the five projects would produce 1247GWh/year of power.
Four of the five are planned for Tumbler Ridge, and the 5th is set for Chetwynd.
Four of the five projects belong to Finavera Renewables Inc. The company says the four projects have an estimated capital cost of $800 million and will contribute to the provincial economy through 524,000 person hours of direct construction labour and taxes paid to local and provincial governments. The projects have the potential to generate over $100 million annually in revenue once they are fully operational.
The four projects are expected to provide enough energy to power 75,000 homes.
Project identification, capacities and expected construction dates are as follows:
Project Output Expected Construction
Wildmare Wind Energy 71 MW 2012
Tumbler Ridge Wind Energy 45 MW 2012
Meikle Wind Energy 117 MW 2013
Bullmoose Wind Energy 60 MW 2014
Finavera Renewables CEO Jason Bak said, “The award of four electricity purchase agreements from BC Hydro is an overwhelming success for Finavera Renewables. This result illustrates the quality of our project fundamentals and the tireless effort of our project development team. It also represents an important milestone for our Company that validates years of hard work and dedication and our belief that the projects we have identified are attractive, commercially viable and sustainable.”
Mr. Bak concluded, “Our goal is to become a leader in North American wind energy project development and these electricity purchase agreements with BC Hydro are a further significant step towards that objective.”
The company is moving into the next phase of its project development schedule and will be focusing on several key areas in the coming months including First Nations Consultation, Environmental Assessment and Permitting, and engineering and construction.
The fifth project was awarded to CP Renewable Energy (B.C.) Limited Partnership, it is expected to produce 434 GWh/year, and the site for the wind turbines is Tumbler Ridge.
The other 14 projects are all run of river projects. Combined, the 19 projects are expected to generate more than 2,400 gigawatt hours of electricity annually – enough to supply close to 218,000 homes in B.C.
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