Shear Wind Announces 100 MW For Alberta Project

NAW Staff, Friday 06 June 2008 - 10:42:51

Nova Scotia-based Shear Wind has secured a 100 MW build-out position on the existing Alberta electrical grid for the Glenridge Project located in southeastern Alberta. The Alberta Electric Supply Operator (AESO) confirmed positive conclusions for interconnection to the Alberta Interconnected Electric System (AIES). With the recently awarded 60 MW power purchase agreement for Shear Wind's Glen Dhu Project in Nova Scotia, the company now has two projects totaling 160 MW in build-out positions and equating to a capital investment of over $350 million upon completion.

"The Glenridge Phase I Project is our first to obtain a position on the Alberta Grid," says Mike Magnus, president and CEO of Shear Wind. "We anticipate that the 100 MW recently secured by Glenridge will be followed by other favorable decisions on four additional applications totaling 700 MW that Shear Wind has filed with AESO," Magnus says. "Shear Wind is accelerating its efforts to generate clean electricity to bring to the open market in Alberta."

SOURCE: Shear Wind Inc.



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