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.


Trachte Inc._id1770
Latest Top Stories

Canadian Wind Industry Urges For More Federal Support

The Canadian Wind Energy Association says the country's federal government, once a big industry supporter, should again back wind power.


Wind And Solar Helped California Grid During Challenging Summer

According to the California Independent System Operator, the state suffered from heat waves and drought this year, and wind power played a "significant role" in keeping the lights on.


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.

BG 2015DblBox_id2032
Hybrid Energy Innovations 2015
Renewable NRG_id1934
Canwea_id1984