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

Vancouver, British Columbia-based NaiKun Wind Energy Group Inc. and the Haida Enterprise Corp. (HaiCo) have signed an agreement for the Haida Nation to acquire up to 40% of the wind energy projects being developed through NaiKun Wind's subsidiary, NaiKun Wind Generating Inc.

HaiCo, on behalf of the Haida Nation, and NaiKun have signed a memorandum of understanding in support of the agreement. HaiCo and the Haida Nation will be seeking the support of the Canadian government for this proposal.

According to Naikun, the initiative is consistent with the objectives of the new Federal Framework on Aboriginal Economic Development. The current estimated cost of the NaiKun Wind project is approximately $2 billion.

NaiKun Wind's original plan, as project developer, was to bring in a third partner for the implementation phase for the wind energy project. NaiKun Wind and Enmax Green Power Inc. currently each own 50% of the project company.

The proposed investment by HaiCo is also conditional on the wind project receiving environmental approvals from the Haida Nation, as well as from the Canadian federal and provincial governments.

The next steps in the process include the Haida Nation's seeking support from the government of Canada for participation in the project and the finalization of a sale and purchase agreement between HaiCo and NaiKun Wind.

The Haida Nation is currently a full partner with NaiKun Wind in the subsidiary that will operate and maintain the project after construction.

SOURCE: NaiKun Wind Energy Group Inc.

Hybrid Energy Innovations 2015

Trachte_id2056
Latest Top Stories

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.


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.

Hybrid Energy Innovations 2015