in News Departments > Projects & Contracts
print the content item

Katabatic Power Corp., a wind energy developer based in Richmond, British Columbia, has formed a joint venture with Deutsche Bank AG, a Germany-headquartered investment bank, to develop a wind farm in northwestern British Columbia.

Under the terms of the agreement, Katabatic will develop the first 700 MW of the 3,000 MW Banks Island Wind Farm. According to the companies, construction is scheduled to commence in early 2009. Development efforts over the next two years will focus on project design, environmental permitting, turbine supply and electricity purchase agreement acquisition.

The full 3,000 MW project will be owned by Katabatic and Deutsche Bank AG through North Coast Wind Energy Corp., a subsidiary of Katabatic. Katabatic will apply for an electricity purchase agreement with BC Hydro for the wind farm in 2007, the company adds.


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
Renewable NRG_id1934
Canwea_id1984