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

Wind And Solar Are Catching Up With Nuclear Power, Says Report

A new report from the Worldwatch Institute says nuclear energy's share of global power production is steadily shrinking. Meanwhile, renewables' share keeps growing.


Could New Desert Plan Spell The End Of California Wind Energy Development?

The California Wind Energy Association says it is disappointed with the draft Desert Renewable Energy Conservation Plan, which was recently released by state and federal agencies.


New U.S. House Bill Includes Wind PTC Extension

U.S. representatives have introduced the Bridge to a Clean Energy Future Act of 2014, which would extend the production tax credit (PTC) and other provisions through 2016.


Utility-Scale Wind And Solar Keep Getting Cheaper

A new study measures the levelized cost of energy from various technologies and suggests that the costs of utility-scale wind and solar power are catching up with those of traditional sources, even without subsidies.


The Song Remains The Same: Ontario Seeks More Science Before Lifting Offshore Ban

The Ontario government says the nearly four-year-old offshore wind moratorium will remain in place until the province fully understands the technology’s impact on the environment.

Canwea_id1984
Renewable NRG_id1934
Future Energy_id2008