in News Departments > Projects & Contracts
print the content item

Calgary, Alberta-headquartered Canadian Hydro Developers Inc. has closed the sale of the 21 MW Fairfield Hill Wind Prospect to TransAlta Corp., a Calgary, Alberta-based electricity generator.

Under the purchase and sale agreement, TransAlta will acquire the Fairfield Hill wind power site, including the option to develop the site at a future date. Fairfield Hill is located near the town of Dorchester in northern New Brunswick. Financial terms of the transaction have not been released.

In addition, TransAlta has increased its power purchase agreement with New Brunswick Power Distribution and Customer Service Corp. from 75 MW to 96 MW. Under the revised agreement, TransAlta will install seven additional turbines at the Kent Hills wind energy project site for a total of 32 turbines.

Construction of the expanded Kent Hills site is expected to commence by early 2008, with commercial operations beginning by the end of the same year. With this expanded facility, TransAlta will operate approximately 280 MW of wind generated power in Canada, the company adds.

Mortenson Construction_id2024

Trachte Inc._id1770
Latest Top Stories

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.


Could Initial Offshore Wind Projects Crash New England's REC Market?

Some are concerned that the first offshore wind projects could negatively impact pricing of renewable energy credits (RECs) in New England.


Catching Up With The DOE's Down-Select Offshore Winners

The three recipients of key U.S. Department of Energy (DOE) funding provide updates on their offshore wind demonstration projects.

Canwea_id1984
Hybrid Energy Innovations 2015
Renewable NRG_id1934