Canadian Hydro Acquires Windrise Prospect

NAW Staff, Wednesday 27 May 2009 - 11:15:33

Calgary, Alberta-based Canadian Hydro Developers Inc. has purchased the Windrise Prospect project from EarthFirst Canada Inc. for C$250,000.

The site is located amongst a cluster of existing Canadian Hydro operations, directly adjacent to the company's Soderglen EcoPower Centre near Fort Macleod, Alberta, where Canadian Hydro has been working on the development of the 50 MW (25 MW net to Canadian Hydro's interest) Soderglen Expansion Wind Prospect. If built, Windrise would represent a minimum capacity of 99 MW.

"The geographic area is a consistently proven and excellent wind resource, so we fully intend to pursue developing this site," says Kent Brown, executive vice president and chief financial officer. "We have option agreements with the landowners in place."

Development of the site is dependent on a proposed 240 kV interconnection to the Alberta grid, which is expected to be in place in 2010. Canadian Hydro is continuing to gather data and work through the permitting process to prepare its application for provincial regulators.

SOURCE: Canadian Hydro Developers Inc.



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