The project, called the Greenwich wind energy project, is a limited partnership that is jointly owned by Enbridge and RES Canada. RES Canada will construct the project under contract to the partnership. Investment in the project by both parties is approximately $275m.
Patrick Daniel, president and CEO of Enbridge, said: “We’re delighted to again partner with RES Canada in developing this project. Our investments in renewable energy align very well with our objective to profitably grow our energy infrastructure business and to deliver superior returns to shareholders.
“With the Greenwich wind energy project, we will have interests in seven renewable power facilities, four of which are in Ontario – our Greenwich, Talbot and Ontario wind projects, and our Sarnia Solar Project. Clearly, Enbridge, Ontarians and all Canadians are benefiting from the Government of Ontario’s leadership and vision in supporting renewable energy investment in the province.”
The Greenwich wind energy project is expected to reach substantial completion in late 2011 and produce clean wind energy to power approximately 33,000 average Canadian homes. It will comprise 43 Siemens SWT-2.3-101MW wind turbines and, under the terms of the agreement, will be constructed by RES Canada under a fixed price, turnkey, engineering, procurement and construction agreement.
Siemens will provide operations and maintenance services for the wind turbines under a five-year, fixed-price agreement. The project will deliver energy to the Ontario Power Authority under a renewable energy supply (RES) III 20-year power purchase agreement.
