Shear Wind Moving Ahead With Projects

NAW Staff, Thursday 10 January 2008 - 10:23:19

Mike Magnus, president and CEO of Shear Wind Inc., has announced that the company is proceeding with plans to accelerate its Alberta wind projects. With indications that at least one of the company's Alberta wind farms has transmission line availability, Shear Wind's planning department is now focusing on the company's Glenridge and Coyote projects to finalize development stages and ensure a swift transition to the construction stage.

In addition, Shear Wind reports that Alberta Electric Supply Operator (AESO) will address all possible generation connections. AESO has also set dates for targeted completion of its interconnection proposals, which will provide confirmed supply limits and cost for interconnection.

"Our initial assessment indicates we may be able to construct up to 100 MW on one site, and up to 120 MW on another site," says Magnus. "We are moving full steam ahead to be ready to put our cash commitment into the hands of AESO before midyear. This would give us the ability to proceed with financing plans as well as ordering the necessary turbines and transformer components."

Shear Wind has three potential projects in Alberta - totaling up to a possible 800 MW - which are all targeted to move into construction by 2014.




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