Canadian Wind Power Project Approved

Suncor Energy Products and EHN Wind Power Canada have received approval from the Alberta Energy and Utilities Board to construct a CAD$48 million, (US$35 million) 30 MW wind power project. The project, to be located about six kilometers west of Magrath in southern Alberta, is a joint venture between Suncor and EHN.

Calgary, Canada – September 8, 2003 [SolarAccess.com] Construction is expected to begin in mid-September, with the 20-turbine facility to be online by late 2004. Suncor and EHN said they plan to sell the power into the provincial electricity grid and the project is expected to generate enough energy to meet the equivalent demands of about 13,000 homes. “The Magrath project is another major step in our commitment to build a renewable energy business,” said Rick George, Suncor president and chief executive officer. “It supports the diversification of Canada’s energy sources for the future and empowers consumers to choose renewable energy to meet part of their energy needs.” When completed, the Magrath Wind Power Project would be Suncor’s second major investment in wind power. Suncor’s other renewable energy initiative is SunBridge, an 11 MW wind power project in Saskatchewan that is a 50/50 partnership with Enbridge. Together, the two projects are expected to provide about 115,000 tons of carbon dioxide emission reductions annually, said the company. “We are very pleased with the materialization of the Magrath Project,” said Alberto de Miguel, EHN’s executive director of development. “This is our first experience in Canada and a significant step forward for our future expansion plans.” Suncor’s business is predominantly in fossil fuel energy but they say that while they take that approach to meet today’s energy needs, they’re increasingly investing in renewable energy for the future. EHN of Spain is a group of companies dedicated to the development, construction, operation and ownership of renewable energy projects. EHN Wind Power Canada Inc. is a wholly owned subsidiary of Corporacion EHN S.A. Group EHN has installed over 1,500 MW of renewable energy projects, of these 723 MW are company-owned and 812 developed and constructed for third parties in Spain, France, and Germany, and holds an impressive project development pipeline for the near future.

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