Samsung And Pattern Close Financing For 150 MW Ontario Wind Farm

NAW Staff, Tuesday 17 September 2013 - 13:45:19

Samsung Renewable Energy Inc. and Pattern Energy Group LP have completed financing for the 150 MW Grand Renewable Wind (GRW) project in Haldimand County, Ontario.

The companies note the GRW project will utilize Ontario-made wind turbine blades and towers: Siemens will build the blades for the project's 67 2.3-MW turbines at its facility in Tillsonburg, and CS Wind's facility in Windsor will use Ontario-made steel to manufacture the towers.

Samsung and Pattern also say the project is poised to boost to the local economy. According to the companies, the wind farm will lead to more than $4 million in direct spending each year of project operations, and over 1,000 workers from across Ontario will be involved in every aspect of the project.

The GRW project will begin construction soon and is scheduled to be completed in fall 2014. The Ontario Power Authority will buy the GRW’s output under a power purchase agreement.

The 150 MW GRW project will be accompanied by Grand Renewable Solar, a 100 MW solar power project, with both projects providing a combined capacity of 250 MW of renewable energy.







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