in News Departments > Projects & Contracts
print the content item

Sky Harvest Energy Corp. has sold its interest in assets relating to its Sky Harvest Project, located in southwestern Saskatchewan, to an unnamed buyer.

Sky Harvest simply says the purchaser is "a major Canadian wind power development company," and the deal includes leasehold interests in approximately 15,000 acres of land, accumulated wind data, environmental assessment studies and a meteorological tower. William Iny, Sky Harvest president and CEO, says the site has the potential to host a 150 MW wind farm.

According to Sky Harvest, the buyer has agreed to pay a purchase price in three installments comprising a fixed payment payable upon execution of a power purchase agreement (PPA), a first success fee based upon the number of megawatts contracted under the PPA and payable upon financial close, and a second success fee also based on contracted megawatts and payable upon the commencement of commercial operations.

The agreement further provides that if the purchaser is unable to execute a PPA respecting the project by Dec. 19, 2019, it will return the assets to Sky Harvest for nominal consideration.

Sky Harvest says it will remain involved in the project, providing development services as it aids the purchaser in liaising with landowners and communities within Saskatchewan, as well as revising lease agreements.

Sky Harvest says it will retain its interests in the Keewatin and Matador sites in southwestern Saskatchewan, which it will continue to develop.



IowaDeptEconDevel_id1863

Trachte Inc._id1770
Latest Top Stories

Kansas Renewables Mandate Survives Yet Another Attack, But Is It Too Early To Celebrate?

Over the past three years, some legislators have tried to either weaken or repeal the state's renewable portfolio standard, which requires Kansas utilities to reach 20% renewables by 2020.


AWEA Highlights U.S. Wind Success Stories Of 2013

Despite a 92% drop in new capacity last year, the sector still has myriad reasons to celebrate, according to a new report from the American Wind Energy Association.


Feds List New Bird Species As Threatened - Should Wind Developers Be Worried?

The U.S. Fish and Wildlife Service is designating the lesser prairie-chicken as threatened under the Endangered Species Act. An expert explains how this might affect the wind industry.


Senate Committee Passes Bill With Two-Year PTC Extension

The Senate Finance Committee has voted on a tax extenders package, which includes both the production tax credit (PTC) and investment tax credit, and sent it to the floor.


Five Common Gearbox Failures And How To Identify Them

Wind turbine gearbox failures are a major source of unplanned maintenance costs. An expert explains the most frequent failure modes and offers prevention tips.

JLG_id1900
Acciona_id1907
UEA_id1896
WomenofWind_id
bonfiglioli_id1913
AWEA_id1886