in News Departments > FYI
print the content item

Michael H. Altman, president of Uniterre Resources Ltd., recently announced that NaiKun Wind Development Ltd., a subsidiary of Uniterre, has engaged Northern Securities Inc. to act as its lead agent to raise up to C$5 million through the sale of common shares and flow-through shares of NaiKun.

NaiKun is the developer of the NaiKun Wind Farm, which is a five-phase 1,750-MW project proposed for the waters of Hecate Strait between Haida Gwaii (the Queen Charlotte Islands) and the British Columbia mainland near Prince Rupert.

Construction of the first phase of the project, which is anticipated to be 320 MW in size, is expected to commence in 2009 subject to, among other things, concurrence of the Haida Power Authority.

"To date, Uniterre has funded all of NaiKun's activities," says Altman. "This offering would provide additional financial capacity to complete NaiKun's environmental and technical studies and preparation of its power purchase agreement proposal to BC Hydro."


Trachte Inc._id1770
Latest Top Stories

Federal Appeals Court Finds Obama's Wind Farm Decision Unconstitutional

A federal appeals court ruled that the U.S. government violated the constitutional rights of Chinese-owned Ralls Corp. when ordering the divestment of four Oregon wind farms.


Renewables Make Up Over 50% Of New U.S. Power In First Half Of 2014

According to a recent government report, renewable energy sources, such as wind and solar, continue to dominate new electric generating capacity.


Suzlon Facility Lends Key Assist In Developing 'The Wind Technicians Of Tomorrow'

The turbine manufacturer’s Elgin, Ill.-based training facility is the culmination of a program that puts a new twist on a proven method of instruction.


Having Their Say: CanWEA Clarifies True Source Of Canadian Wind Success

The Canadian Wind Energy Association (CanWEA) takes issue with a recent report summary regarding various renewable energy policies in North America.


FWS Issues Landmark Eagle Take Permit: What Does It Mean For Wind Projects?

The U.S. Fish and Wildlife Service's (FWS) recent decision has far-ranging implications for operating wind farms, as well as for those under development.

Navigant_id1983
Canwea_id1984
Renewable NRG_id1934