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Enbridge, RES Canada to Develop 99 MW Ontario Wind Farm
November 20, 2009Source: Clean Edge News
Enbridge Inc. and
Renewable Energy Systems Canada Inc., an affiliate of RES Americas,
recently announced that they have entered into an agreement to develop
a 99 MW wind energy project near Chatham, Ontario in which Enbridge
will have a majority interest. The total investment in the project by
both parties is approximately $285 million. The Project will be
structured as a limited partnership owned by Enbridge and RES Canada,
with construction being undertaken by RES Canada.
The Talbot Wind Energy Project is expected to be completed in December
2010 and will utilize 43 Siemens 2.3 MW wind turbines to produce
enough clean wind energy to power 33,000 average Canadian homes.
Siemens will provide operations and maintenance services for the wind
turbines under a five year, fixed price agreement. The Talbot Wind
Energy Project will deliver energy to the Ontario Power Authority
under a Renewable Energy Supply (RES) III 20-year power purchase
agreement.
The Talbot Wind Energy project will complement Enbridge's portfolio of
green energy assets including four existing wind power projects and
one solar project, bringing Enbridge's combined capacity to 380
megawatts. Enbridge says its share of the power generated by its wind
facilities in Ontario, Alberta and Saskatchewan provides enough green
energy to meet the equivalent of 35 per cent of the power requirements
of the Company's Canadian crude oil mainline. Enbridge also has
interests in emissions-free hybrid fuel cell technology and waste heat
recovery facilities.
RES Americas is a vertically integrated wind energy player in
development, engineering, procurement and construction (EPC), and
operating services. The company reportedly has over 4,000 MW in
construction projects.
The partners expect the project will create an estimated 300
construction jobs and eight direct operation jobs. The Talbot Wind
Energy Project is expected to generate revenue for businesses in the
region, spending up to $50 million in capital expenditure and more
than $7 million a year in operating expenditures. The Municipality
will also benefit, receiving approximately $280,000 in tax payments
each year.