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.


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.

Renewable NRG_id1934
Canwea_id1984
Future Energy_id2008