in News Departments > New & Noteworthy
print the content item

Mainstream Renewable Power has closed a deal to sell its 46 MW Oldman 2 Wind Farm, located in Alberta, Canada, to furniture-retail giant IKEA.

Mainstream says it has commenced construction of the project at a cost of approximately C$90 million, and the wind farm is slated to be operational in fall 2014, at which point IKEA will purchase the plant. As part of the deal, Mainstream will continue to operate and maintain the wind farm on behalf of IKEA.

This is the second wind project IKEA has agreed to purchase from Mainstream Renewable Power, having announced the signing of a deal for the Carrickeeny Wind Farm in Ireland in August. The IKEA Group has plans to invest 1.5 billion British pounds in wind energy and solar programs up to 2015 and achieve energy independence by 2020.

"IKEA Canada's investment in renewable energy is a win-win-win,” comments Kerri Molinaro, president of IKEA Canada. “We are able to support the transition to a low-carbon future, reduce our energy and operating costs, and pass those benefits on to our customers by continuing to offer high-quality home furnishings at low prices.”

Siemens is supplying, delivering and commissioning the project's 20 SWT-2.3-101 wind turbines, which have a hub height of 80 meters and blade length of 49 meters. Siemens says the Oldman 2 agreement represents its first foray into the Alberta wind market, strengthening the company’s engineering capacity and energy business portfolio in the province. The company currently has offices in Calgary, Edmonton and Fort McMurray, Alberta.





Mortenson Construction_id2024

Trachte Inc._id1770
Latest Top Stories

Recapping The Wind Industry's Third-Quarter Deals

Mercom Capital Group recaps investment and merger and acquisition activity during July, August and September.


Yearly Installed Capacity Figures Already Beat 2013 Numbers, More Wind On The Way: AWEA

While the American Wind Energy Association (AWEA) lobbies Congress to extend the production tax credit, the association notes wind projects now under construction signal a vibrant 2015.


Yahoo Inks Contract To Buy Kansas Wind Power

The Internet company plans to log in to the Alexander wind project, which is being built by community developer OwnEnergy.


Could Initial Offshore Wind Projects Crash New England's REC Market?

Some are concerned that the first offshore wind projects could negatively impact pricing of renewable energy credits (RECs) in New England.


Catching Up With The DOE's Down-Select Offshore Winners

The three recipients of key U.S. Department of Energy (DOE) funding provide updates on their offshore wind demonstration projects.

Hybrid Energy Innovations 2015
Canwea_id1984
Renewable NRG_id1934