Navajo Wind Forms Alliance With Vector Industrial Designs

Navajo Wind Energy Corp., formerly Caliber Energy Inc., has signed an agreement with Australian industrial technology company, Vector Industrial Designs (VID), to participate in the research, development and optimization of various proprietary wind turbine technology designs.

Over the next three years, Navajo has agreed to contribute engineering to VID and allow the implementation of its new turbine technologies at the company’s wind farm sites. Under the terms of the agreement, Navajo will receive the future production benefits of VID-supplied turbine equipment operating within the framework of future wind farm facilities.

In addition, the company will have the option to modify or replace its wind turbine equipment to the VID design specifications at cost.

“This synergistic alliance with Vector Industrial could be extremely beneficial to Navajo for years to come. We expect to progressively become a lower cost producer of wind generated power using the most advanced technologies, which will also facilitate our growth by broadening the scope of projects that are economically viable in the future,” said Barry Doyle, CEO of Navajo.

Last week, RenewableEnergyWorld.com reported that Navajo secured a new 200-megawatt (MW) wind site located in Xinjiang, China. This site is situated on 6,200 acres and is in an area with proven, high-energy wind speeds. Previous testing indicates a mean average annual wind speed in excess of 11 meters per second (25 miles per hour), capable of generating net operating capacity factors in excess of 50 percent. 

Previous articleRenewable energy project finance: Cause for optimism amidst turmoil
Next articleHRHRW Volume 17 Issue 1

No posts to display