Friday, September 16, 2011

Samsung & Pattern Energy acquire 180 MW Acciona wind project in Ontario

Acciona, the developer of the Armow project in the Canadian province of Ontario has sold the project to a newly formed partnership between South Korea’s Samsung Renewable Energy and Pattern Energy Group. The price and other terms of the deal have not been released. The project is located in Kincardine township about 235 kilometres northeast of Toronto. Turbine components for the 180 MW Armow project will be procured from the new Siemens factories in Tillsonburg, Ontario and Windsor, Ontario. Construction is scheduled to begin in 2013 and the wind farm is expected to reach COD the following year.

Samsung has agreed with the provincial government of Ontario to develop up to 2500 MW of renewable energy projects in the province. Samsung has recently acquired PPAs from the Ontario Power Authority for Armow and 3 other projects in Ontario: the 270 MW South Kent Wind project under development in Chatham-Kent, the 270 MW K2 Wind project in the Township of Ashfield-Colborne-Wawanosh and 150 MW of wind from the Grand Renewable Energy Park, a wind and solar power project under development in Haldimand County. The terms of the PPA have not been released.

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