68-MW Wind Farm Approved for Alberta, Canada

TransAlta Corporation, through its subsidiary Vision Quest Windelectric, announced approval and initiation of the 68-MW Summerview Wind Farm. The project will cost CAD$95 million (US$71.7 million). Construction will start immediately with completion scheduled for July 2004.

Calgary, Alberta, Canada – December 17, 2003 [Solaraccess.com] “Wind energy gives TransAlta an excellent opportunity to quickly grow our renewable generation capacity while taking advantage of the right market conditions,” said TransAlta President and CEO Steve Snyder. “Summerview takes us one step closer to our long-term target of ten per cent of capacity from renewable energy.” The Summerview Wind Farm will include 38 Vestas V80, 1.8-MW wind turbines. Located along Highway 785 near Pincher Creek, Alberta, Summerview will be Vision Quest’s fifth wind farm. The company stated that local economic benefits will include employment, local purchases and services, and municipal tax revenues. Vision Quest is currently negotiating contracts with parties interested in purchasing green power. TransAlta’s renewable energy portfolio includes 83 MW of wind energy through Vision Quest and 163 MW of geothermal energy in California through a 50 percent interest in CE Generation. In January 2003, TransAlta purchased El Paso Corporation’s 50 percent interest in U.S. electricity generation company CE Generation, including the right to a 50 percent interest in a geothermal development project. When Summerview is complete, TransAlta will have 314 MW of renewable energy capacity.
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