Enbridge to Develop 200 MW of Wind Power in Ontario

Enbridge will develop 200 MW of wind power on the eastern shore of Lake Huron in Bruce County, Ontario. The Ontario Ministry of Energy awarded two projects to Enbridge and Leader Capital Corp., under its Renewable Energy Supply Request for Proposals.

Enbridge, which has subsequently acquired Leader Capital’s subsidiary, Leader Wind Corp., and now owns a 100 percent working interest in the two wind power projects, has executed a 20-year electricity purchase agreement with the Ontario Power Authority for all of the power produced by the two adjacent projects. Enbridge will assume overall responsibility for project construction, which is expected to start in mid-2006. The company has been operating the SunBridge wind power project in Saskatchewan for more than three years and will operate the two Ontario projects when commercial operations begin in early 2007. Total capital expenditures for the projects will be approximately $400 million. The projects are expected to be accretive to earnings per share in the first year of operation. “The Ontario wind power projects reflect our ongoing commitment to sustainable development and an emerging power generation platform,” said Patrick D. Daniel, Enbridge President & Chief Executive Officer. “We have been pleased with our three existing wind power projects in Alberta and Saskatchewan, which have a combined capacity of over 70 megawatts.”
Previous articleQ & A with Rob Pratt
Next articleSuncor and Acciona Energia Will Build Ontario Wind Power Project

No posts to display