Previous MondayTuesdayWednesdayThursdayFridayNext

Posted June 5, 2012

____________________
Energy

$600 million, 270-megawatt South Kent Wind project example of investments sought by Ontario Clean Technology Alliance at WINDPOWER 2012

Atlanta GA – The Ontario Clean Technology Alliance is attending WINDPOWER 2012 in Atlanta, GA with news of completed plans for a $600 million, 270-megawatt South Kent Wind joint venture between Pattern Energy Group LP and Samsung Renewable Energy Inc. The Ontario Clean Technology Alliance, a group of 11 regional and municipal partners teamed with federal and provincial trade and innovation ministries, aims to attract more wind industry players to the province. Ontario is the first jurisdiction in North America to introduce a comprehensive, guaranteed pricing structure for renewable electricity generation including on-shore, small and large wind projects.

2012 marks Ontario’s claim as the largest producer of wind energy in Canada among all Canadian provinces, with more than 1,950 megawatts of installed wind power capacity generated by more than 1,000 turbines. By 2018, Ontario expects to install more than 5,600 megawatts of new wind energy capacity, creating 80,000 person years of employment and attracting $16.4 billion in private investment.

Subject to final approval from the Ontario Ministry of the Environment, the targeted start for construction on the 124-turbine Ontario joint venture between Pattern and Samsung is the third quarter of 2012, with the wind project fully operational by early 2014.

“South Kent Wind is one of four separate wind energy power purchase agreements between Pattern, Samsung and the Ontario Power Authority (OPA) that will ultimately provide 870 megawatts of clean energy to OPA, enough to power more than 300,000 homes every year,” said Stuart McFadden, Manager, Business Development, Municipality of Chatham-Kent.

“South Kent Wind and our other wind projects under development in Ontario represent a historic commitment to creating jobs, building factories and installing wind power projects in the province,” said Mike Garland, CEO of Pattern Energy. "These projects and the establishment of wind tower and blade factories in Ontario are direct evidence of the government’s initiatives creating a vibrant green energy economy and putting thousands of Ontarians to work."

The plans for the $600 million South Kent Wind project will create Ontario economic benefits including approximately 300 construction jobs, 20 permanent jobs, an estimated $800,000 of annual tax revenue, and a community benefits program supporting local causes over the life of the project. The project’s environmental benefits include the production of clean and renewable energy equivalent to the annual needs of 73,000 Ontario homes and offsetting more than 877,000 tonnes of carbon dioxide compared to electricity generated by coal – equal to taking 157,000 cars off the roads each year.

Ontario is a North American leader in the adoption of green energy policies with its passing of the Green Energy Act in May 2009. Targeted programs available to the alternative energy and clean technology sector include: Ontario Power Authority Feed-in Tariff Program, the $590 million SDTC SD Tech Fund, the $500 million SDTC NextGen Biofuels Fund, the Ontario Emerging Technology Fund, the Ontario Innovation Demonstration Fund and the Ontario Power Authority Conservation Fund.



Submit press release to pressrelease@exchangemagazine.com - Editor Jon Rohr - Content published on this site represents the opinion of the individual/organization and/or source provider of the Content. ExchangeMagazine.com is non-partisan, online journal. Privacy Policy. Copyright of Exchange produced editorial is the copyright of Exchange Business Communications Inc. 2012/*.*. Additional editorials, comments and releases are copyright of respective source(s) and/or institutions or organizations.

And receive it on your PDA or Desktop
 







Contact an Exchange Representative

Current Exchange Magazine:
June 2012
Download PDF To Read on your PDD










Submit Press Release
Visitor Centre
Weather
Advertising Inquires
Email
Tel: 519.886.0298

Subscribe to Exchange Magazine - Print

Contact Information:

Publisher:
Exchange Business Communication Inc.
Waterloo, Ontario
, Canada

Contact Editors
editor@exchangemagazine.com

Print Editor - Paul Knowles
Daily Editor - Jon Rohr

Account Manager Sales
John Hobin

advertise@exchangemagazine.com