in News Departments > Projects & Contracts
print the content item

Finavera Renewables Inc., a Vancouver, British Columbia-based wind project developer, has agreed to purchase the 150 MW Three Hills Wind Power Project in Alberta, Canada, for C$3.35 million from an unnamed senior oil and gas producer.

The Three Hills Wind Power Project consists of two 75 MW phases for a planned installed capacity of 150 MW of power on over 16,000 acres of land, the company says. The first phase of the project, named Ghost Pine, has received a grid connection offer from the Alberta Electrical System Operator (AESO) under Alberta's self-imposed 900 MW wind energy cap. Ghost Pine is scheduled to begin construction in 2008 and commercial operation in 2009.

"These projects are Finavera Renewables' first step toward expanding its wind power development operations outside of British Columbia and Ireland, with near term revenue generation potential," comments Bertan Atalay, Finavera Renewables' chief operating officer.

According to Finavera, the agreement closing is scheduled for March 30, 2007, and is subject to AESO's approval.

Mortenson Construction_id2024

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.

Canwea_id1984
Renewable NRG_id1934
Hybrid Energy Innovations 2015
BG 2015DblBox_id2032