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AltaGas Income Trust confirmed this wee that its Bear Mountain Wind Park is now fully commissioned and connected to the British Columbia power grid. The Park has satisfied the conditions of Commercial Operation Date (COD) and will now receive the firm price under the 25-year energy purchase agreement (EPA) with BC Hydro.
Under the Government of Canada's ecoENERGY for Renewable Power program, the project will receive a one cent per kilowatt-hour incentive over the next ten years.
AltaGas met conditions of COD by satisfying the British Columbia Transmission Corporation (BCTC) certification and grid compatibility requirements, and by successfully completing a 72-hour test which ended October 24, 2009.
During the test period, the turbines performed well and the Park produced approximately 2,000 megawatt-hours of energy. The CAN $200 million project was completed on budget and ahead of schedule.
With a total capacity of 102 MW, the Park will produce enough energy to power most of B.C.'s South Peace region. Under the Government of Canada's ecoENERGY for Renewable Power program, the project will receive a one cent per kilowatt-hour incentive over the next ten years, in accordance with the terms of the agreement. The project includes green attributes, which AltaGas can trade or sell to third parties.
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