Posted by: ShawnC | July 1, 2009

Canadian Hydro Developers’s Wolf Island Wind Farm Begins Operations

http://www.istockanalyst.com/article/viewiStockNews/articleid/3324570

(Source: Datamonitor)trackingCanadian Hydro Developers has announced that its 197.8MW Wolfe Island EcoPower Centre has begun commercial operations. Claimed to be the second largest wind facility of its kind in Canada, the Wolfe Island EcoPower Centre was completed on schedule, with a total anticipated capital cost of approximately $478 million.

The Wolfe Island EcoPower Centre, located near Kingston, Ontario, is expected to generate approximately 594GWh of renewable energy annually. Wolfe Island has a 20-year renewable energy supply II contract with the Ontario Power Authority for the purchase of electricity and renewable energy certificates.

In addition, the facility will also receive $10 per MWh for 10 years under the Federal ecoENERGY for Renewable Power program. Wolfe Island’s commercial operation officially pushes Ontario past the 1,000MW installed threshold of new renewable energy brought on-line since October 2003. Approximately 40% of this generation is provided by Canadian Hydro.

Kent Brown, executive vice president and CFO, said: “This is a proud moment for our company as Canada’s largest and most diversified renewable energy company. With the Melancthon EcoPower Centre and now Wolfe Island, we own and operate the two largest wind installations in the country.”

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