Brookfield Renewable Power Inc. has acquired a controlling interest in Aeolis Wind Power Corp.'s Thunder Mountain and Redwillow wind projects in the Peace River region in northeastern British Columbia.
The site has obtained an environmental assessment certificate for up to approximately 320 MW of wind generation. Brookfield will lead and control future development of the project with involvement of the Aeolis team.
‘We believe this site to be one of British Columbia's more advanced wind development projects, and its location in one of the province's most attractive wind regimes should position it competitively for future development,’ says Ralf Rank, chief investment officer at Brookfield. ‘Future capital investment and start of construction is dependent, among other factors, on securing a suitable long-term power purchase agreement.’
Aeolis has undertaken initial development and permitting activities on the project since 2005 and will have the option to retain certain ownership in the project upon completion.
SOURCE: Brookfield Renewable Power Inc.