RES Canada, Enbridge Team Up On Greenwich Wind Energy Project

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Renewable Energy Systems Canada Inc. (RES Canada), an affiliate of RES Americas, and Enbridge Inc. have entered into an agreement to construct and own a 99 MW wind energy project in Ontario, in which Enbridge has a majority interest.

The project – called the Greenwich Wind Energy Project – is a limited partnership that is jointly owned by Enbridge and RES Canada. RES Canada will construct the project under contract to the partnership. Investment in the project by both parties is approximately C$275 million.

The Greenwich Wind Energy Project is expected to reach substantial completion in late 2011 and will comprise 43 2.3 MW Siemens SWT wind turbines. Under the terms of the agreement, the project will be constructed by RES Canada under a fixed-price, turnkey, engineering, procurement and construction agreement.

Siemens will provide operations and maintenance services for the wind turbines under a five-year, fixed-price agreement. The project will deliver energy to the Ontario Power Authority under a renewable energy supply III 20-year power purchase agreement.

The Greenwich Wind Energy Project is expected to create an estimated 300 construction jobs. Enbridge and RES Canada plan to spend up to $50 million in additional capital costs and more than $7 million a year in operating expenditures in the area.

SOURCE: Renewable Energy Systems Americas Inc. Â

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