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

Are Fitch Ratings' Claims About Wind Farm Underperformance Unfounded?

A recent report from Fitch Ratings suggests that wind farms underperform due to an overestimation of wind resources, but AWS Truepower says the analysis misses the mark.


SunEdison Buying First Wind In $2.4 Billion Deal

Global solar company SunEdison and its yeildco have announced an agreement to buy the Boston-based developer, a major player in the U.S. wind industry.


U.S., China Reach Ambitious Climate Change Accord

The agreement between the global superpowers leans heavily on the deployment of renewable energy, such as wind and solar.


What The Midterm Elections Mean For The U.S. Wind Industry

Both chambers of Congress are now under Republican control for the first time since 2006. How will wind energy fare?


GE Blade Crashes At Mehoopany Wind Farm In Pennsylvania

The turbine manufacturer says the Nov. 2 incident is "isolated and unrelated" when compared to earlier blade issues.

BG 2015DblBox_id2032
Hybrid Energy Innovations 2015
Renewable NRG_id1934