Ovento Canada Launches New North American Business

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Netherlands-based Olthoff Wind Group BV (OWG) and Canada-based Aeolus Consulting Ltd. have created Ovento Canada Ltd. to provide technical and financial support and asset-management services to wind farm developers and investors in Canada and the U.S. OWG is also working toward significantly increasing Ovento's team through a joint venture with two other established wind energy companies in the Netherlands and Spain.

Ovento Canada's first client in North America is Premier Renewable Energy (PRE), an independent power producer that develops, constructs and operates utility-scale wind projects. PRE's development pipeline includes 11 projects with 690 MW of capacity in three Canadian provinces. The company also has five projects with 380 MW of capacity in the U.S. PRE has engaged Ovento to negotiate turbine equipment contracts with suppliers and help raise financing to build seven Ontario projects totaling 160 MW.

SOURCE: Ovento Canada Ltd.

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