ABB_id2059
in News Departments > Projects & Contracts
print the content item

Mike Magnus, president and CEO of Shear Wind Inc., has announced that the company is proceeding with plans to accelerate its Alberta wind projects. With indications that at least one of the company's Alberta wind farms has transmission line availability, Shear Wind's planning department is now focusing on the company's Glenridge and Coyote projects to finalize development stages and ensure a swift transition to the construction stage.

In addition, Shear Wind reports that Alberta Electric Supply Operator (AESO) will address all possible generation connections. AESO has also set dates for targeted completion of its interconnection proposals, which will provide confirmed supply limits and cost for interconnection.

"Our initial assessment indicates we may be able to construct up to 100 MW on one site, and up to 120 MW on another site," says Magnus. "We are moving full steam ahead to be ready to put our cash commitment into the hands of AESO before midyear. This would give us the ability to proceed with financing plans as well as ordering the necessary turbines and transformer components."

Shear Wind has three potential projects in Alberta - totaling up to a possible 800 MW - which are all targeted to move into construction by 2014.


Hybrid Energy Innovations 2015

Trachte_id2056
Latest Top Stories

The Song Remains The Same: AWEA Says Stable Policy Can Protect U.S. Wind Investment

Although the U.S. wind industry added more than four times the amount of wind in 2014 compared with 2013, predictable policy is needed to sustain its long-term success.


High Net-Worth Investors Claim 'All Of The Above' On Energy, Renewable And Otherwise

According to a recent Morgan Stanley poll, high-dollar investors favor investment in renewable energy technologies, such as wind and solar.


U.S. Wind Power Installations Surpassed 4.7 GW Last Year, Although China Still Leads

Bloomberg New Energy Finance reports that U.S. wind installations came back in a big way from a disappointing 2013.


IRS Specifies Performance, Quality Standards For Small Wind Turbines

The Internal Revenue Service (IRS) recently issued guidelines creating safety and performance standards for small wind turbines to be eligible for the 30% investment tax credit.


Hot Times North Of The Border: Canada Tops Previous Record For Installed Wind Capacity

For the second consecutive year, Canada's wind market has bested the country's previous mark for new installations.

Hybrid Energy Innovations 2015