295 MW of Wind Power Could be Coming to British Columbia, If The Financing's There
photo: Patrick Finnegan
There’s a bit up in the air on this one, all the more so since it concerns financing, but Finavera Renewables has announced that it plans to develop four wind power projects in northeast British Columbia, with a combined capacity of 295 megawatts.
The total cost for the project is expected to be in the $800 million range and under the memorandum of understanding that Finavera just signed with GE Financial Services, the latter will have the exclusive rights to fund or arrange equity of debt financing for the projects. (Cleantech) The four projects in question are:Bullmoose Wind Energy Project (60 MW), Meikle Wind Energy Project (up to 118 MW), Wildmare Wind Energy Project (72 MW), and Tumbler Ridge Wind Energy Project (45 MW).
All of these are contingent upon BC Hydro accepting Finavera’s bids for power purchase agreements for the electricity produced at these four wind projects.
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