Northland Power (TSX: NPI), the Aamjiwnaang First Nation and the Bkejwanong Territory (Walpole Island First Nation) announced June 2 that the Ontario Independent Electricity System Operator (IESO) has confirmed that the 100-MW Grand Bend Wind Farm achieved commercial operation on April 19, 2016.
The project, located near the eastern shore of Lake Huron, is a 50/50 partnership between Northland and Giiwedin Noodin FN Energy Corp., which was created to hold the equity interest in the project of the Aamjiwnaang First Nation and Bkejwanong Territory (Walpole Island First Nation).
“It has been a journey of collaboration for Giiwedin Noodin and our partner Northland Power to achieve COD on the Grand Bend Wind Farm. We look forward to years of benefits from this energy partnership,” said Graham Hoogterp, President pf Giiwedin Noodin FN Energy Corp.
The IESO awarded the project a 20-year contract under Ontario’s Feed-in-Tariff (FIT) program for renewable energy. The wind farm consists of 40 Siemens wind turbines.
Grand Bend is Northland’s second wind project completed under the Ontario FIT program. The 60-MW McLean’s Mountain Wind Farm on Manitoulin Island began operations in 2014, and is also a 50/50 partnership with local First Nations (the United Chiefs and Councils of Mnidoo Mnising First Nations).
“Northland’s continued growth demonstrates our commitment to generating stable cash flows and creating long-term value for our shareholders and partners,” said John Brace, Northland’s CEO. “We are pleased to add the project to our fleet of operating assets while reducing Ontario’s carbon footprint, and are thankful to all involved in bringing this project to completion on budget and within the expected project schedule.”
Northland is an independent power producer founded in 1987, and publicly traded since 1997. The company owns or has a net economic interest in 1,394 MW of operating generating capacity and 932 MW (642 MW net to Northland) of generating capacity under construction, including a 60% equity stake in Gemini, a 600-MW offshore wind project, and an 85% equity stake in Nordsee One, a 332 MW offshore wind project, both located in the North Sea off of Europe.