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

EPCOR Utilities Inc. and the Ontario Power Authority (OPA) have mutually agreed to terminate the renewable energy supply agreement for EPCOR's 160 MW Kingsbridge II wind project in the township of Ashfield-Colborne-Wawanosh in Ontario.

The Kingsbridge II project was selected through a request for proposals process in November 2005. A power purchase agreement (PPA) for output from the project was signed the same month. The PPA required the project to be in service by Oct. 31, 2008.

EPCOR experienced delays obtaining provincial and municipal approvals for the project and uncertainty respecting regulations concerning the project's layout, design and testing. As a result, EPCOR would be unable to meet the contracts conditions as a result of circumstances beyond its control. EPCOR has decided in cooperation with the OPA that it will not proceed with this project as originally planned. EPCOR will not incur any asset write-downs associated with this decision.

"This was a difficult decision," says Paul McMillan, senior vice president of EPCOR. "We've worked closely with the local community and landowners in Ashfield-Colborne-Wawanosh, and we want to thank those individuals for their support."

EPCOR is considering the future of the Kingsbridge II project and will continue with its Kingsbridge I operations.

SOURCE: EPCOR Utilities Inc.

Hybrid Energy Innovations 2015

Trachte_id2056
Latest Top Stories

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.


Report: Policy Uncertainty Fuels Market Exodus As Firms Bolt North American Wind Industry

The global wind energy supply chain has yet to recover from the slump that began in 2013. In fact, many segments are undergoing a transformation, according to market research firm FTI Consulting.


Utilities Deal "Near-Fatal" Blow To Cape Wind: UPDATED

Despite its remarkable resiliency, could this latest setback mean the end for the controversial offshore wind farm?

Hybrid Energy Innovations 2015