GDF SUEZ and International Power PLC (IPR.LN), 70% owned by GDF SUEZ, Monday announced further progress in developing wind energy in Canada with new Power Purchase Agreements, or PPAs, secured for two 99MW wind farms in Ontario and the start of construction of Cape Scott 1, a 99MW wind development in British Columbia.
GDF SUEZ and International Power PLC (IPR.LN), 70% owned by GDF SUEZ,
Monday announced further progress in developing wind energy in Canada with new
Power Purchase Agreements, or PPAs, secured for two 99MW wind farms in Ontario
and the start of construction of Cape Scott 1, a 99MW wind development in
British Columbia.
MAIN FACTS:
-IPR-GDF SUEZ North America has secured 20-year PPAs with the Ontario Power
Authority for all of the output from the 99MW Erieau and 99MW East Lake St.
Clair wind projects.
-Each project is estimated to cost approximately C$300 million with
commissioning of both facilities expected in 2013.
-In addition, construction will shortly commence at Cape Scott 1, a 99MW wind
farm with a 20-year contract with British Columbia Hydro and Power Authority;
The project is estimated to cost C$300 million and is anticipated to be in
operation in 2013.
-International Power shares at 1122 GMT down 0.17% at GBP2.88 valuing the
company at GBP14.67 billion.
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