Brascan Power Awarded Wind Power Project in Ontario

The Ontario government selected Brascan Power Corporation (to be renamed Brookfield Power) to develop its Prince Phase II Wind Energy Project near Sault Ste. Marie, Ontario. This 90 MW project is an expansion to Brascan Power’s 99 MW Prince Phase I Wind Energy Project, announced in November 2004, and is due to be operational in autumn 2006.

This announcement is a result of the Ontario government’s second Request for Proposals (RFP) for approximately 1,000 MW of new, renewable electricity capacity for Ontario. The power generated by the combined Prince facility will be sold under 20-year power supply agreements. The 90 MW Prince Phase II Wind Energy Project will be located in the townships of Dennis, Pennefather, Korah and Aweres in Northern Ontario. The project will be constructed using 60 wind turbine generators, each measuring 1.5 MW in capacity. The wind project will be served by a transmission line, currently under construction for Phase I of the project, and a new road network. “The completion of this project will be an excellent complement to our existing assets in the region, which includes 17 hydroelectric facilities located on six river systems,” said Harry Goldgut, Chairman and Chief Executive Officer of Brascan Power. “Furthermore, the development of 189 MW of new wind generation, through both phases of this project, will make a significant contribution to Ontario’s renewable energy supply.”
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