Schneider Power Signs PPA With Ontario Power Authority For Wind Project

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Schneider Power Inc., a wholly owned subsidiary of Quantum Fuel Systems Technologies Worldwide Inc., has signed a 20-year power purchase agreement (PPA) with the Ontario Power Authority for energy that will be produced by a new wind farm under development in northern Ontario. The 10 MW Trout Creek Wind Project is expected to be generating electricity by 2012.

The PPA is one of the first to be signed under Ontario's new feed-in-tariff program, which pays C$135/MWh to renewable electricity generators. The project is anticipated to create more than 40 jobs during the construction phase and approximately three permanent positions.

SOURCE: Schneider Power Inc.

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