Western Wind Energy Updates Projects

Western Wind Energy and Pacific Hydro Limited executed a JV agreement to form Steel Park LLC, the operating entity that will construct, build and operate the 15 MW Steel Park Wind Farm near Kingman, Arizona. To this end, the purchase of 15 MHIA 1000A one-megawatt (MW) wind turbine generators is scheduled for October delivery, with commercial production expected by the end of 2006. There is no debt on this project, which exceeds US$18 million, states the release.

The owners of the Mesa Operating Wind Farm informed Western Wind Energy that it is the exclusive candidate to complete the purchase of the Mesa Wind Farm, rated at 29.9 MW and comprising 465 Vestas V15 wind turbine generators. Mesa was built in 1984 and has a continuous 22-year operating history, during which its production of more than 70,000,000 kWh annually was reasonably consistent. Western Wind Energy has entered into funding with Pacific Hydro Limited exceeding US $14 million; the acquisition is subject to conditions. Three other existing projects are progressing: Western Wind Energy previously announced that the key milestone in building the $192 million 120 WindStar Project was obtained by the Federal Energy Regulatory Commission (FERC) in April 2006, whereby FERC ordered Western Wind Energy interconnection and transmission services on the Sagebrush Transmission Line. The WindStar Project is forecasted to produce more than 400-million kilowatt hours per year with a forecasted revenue base exceeding $35 million per year, for 20 years. In another previous announcement, Western Wind Energy closed on the Windridge Operating Wind Farm in Tehachapi, California. The US$825,000 project comprises 43 Windmatic wind turbines and a PPA with Southern California Edison effective until 2014. Western Wind Energy is currently conducting a study with Southern California Edison to upgrade the equipment and increase the wind farm’s capacity. And for its Grand Manan Project in New Brunswick, Western Wind Energy has selected a turbine manufacturer and has submitted turbine manufacturer and plant details to New Brunswick Power for approval.
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