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Enbridge Inc. and Renewable Energy Systems Canada Inc. (RES Canada) have entered into an agreement to develop a 99-megawatt (MW) wind energy project near Chatham, Ontario in which Enbridge will have a majority interest. The total investment in the project by both parties is approximately CAN $285 million.
The partners expect the project will create an estimated 300 construction jobs and eight direct operation jobs.
The project will be structured as a limited partnership owned by Enbridge and RES Canada. Construction of the project will be undertaken by RES Canada under contract to the partnership.
“The positive steps the Ontario government is taking to encourage and support a thriving renewable energy industry, combined with our existing presence through the 190 MW Enbridge Ontario Wind Project, make the Talbot Wind Energy Project an excellent fit with Enbridge’s strategy to expand its renewable energy platform across Canada and the U.S.,” said Patrick Daniel, president and CEO, Enbridge Inc.
The Talbot Wind Energy Project is expected to be completed in December 2010. It utilizes 43 Siemens 2.3 MW wind turbines and, under the terms of the agreement, 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 Talbot Wind Energy Project will deliver energy to the Ontario Power Authority under a Renewable Energy Supply (RES) III 20-year power purchase agreement.
The partners expect the project will create an estimated 300 construction jobs and eight direct operation jobs. The Talbot Wind Energy Project will generate revenue for businesses in the region, spending up to $50 million in capital expenditure and more than $7 million a year in operating expenditures. The Municipality will also benefit, receiving approximately $280,000 in tax payments each year.
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