Boralex Inc. (TSX: BLX) and Alberta Wind Energy Corp. (AWEC) announced Dec. 15 the creation of the Alberta Renewable Power Limited Partnership, owned respectively approximatively 52% and 48% by the two companies.
This collaboration is aimed at the development of wind and solar projects in Alberta, Canada.
“This joint venture is a great opportunity to make our first entry in Alberta,” stated Patrick Lemaire, President and Chief Executive Officer of Boralex. “Our expertise in developing, building and operating all size of wind projects is complementary to AWEC’s project portfolio. Besides, Boralex will benefit from AWEC’s knowledge and experience in the Albertarenewable energy market in which they have a track record of real success.”
“As Alberta and Saskatchewan begin the transition from coal power generation to renewable energy, we are proud to be partnering with Boralex,” said Marc Stachiw, President of AWEC. “Joint efforts in developing our current and future projects will lead to a more economically and environmentally sustainable electricity supply.”
Boralex and AWEC said they look forward to preparing the Windy Point and Old-Elm/Pothole projects for the upcoming Renewable Electricity Program (REP) competitions in Alberta, as well as a portfolio of other projects in Alberta and Saskatchewan.
Boralex develops, builds and operates renewable energy power facilities in Canada, France and the United States.
AWEC was formed in 2003 to develop independent wind farm projects. The company is currently focused on developing several sites, taking a staged approach to power generation and shareholder value creation. AWEC has partnered with large international renewable energy developers on numerous projects at various stages of development.
The Dec. 15 announcement didn’t further describe the Windy Point and Old-Elm/Pothole projects.
- Windy Point Wind Park Ltd. filed a July 29 Letter of Enquiry with the Alberta Utilities Commission asking for a two-year extension of a deadline to build a 63-MW wind project. In 2012, the commission granted Windy Point approval to construct and operate the Windy Point Wind Park project, located approximately 15 kilometers northeast of Pincher Creek. In 2013, the commission granted Windy Point a time extension until Aug. 31, 2015, to complete construction of the wind farm. In 2014, the commission granted Windy Point a time extension until Aug. 31, 2016, to complete construction. Windy Point has now requested an extension of the construction completion date to Sept. 30, 2018. The AUC website shows that application as still pending as of Dec. 16. Project contacts are: Stewart Duncan or Marc Stachiw at Alberta Wind Energy Corp., 403-266-5635.
- Said the AWEC website: “The Old Elm & Pothole Creek Project, located 10 km south of the town of Magrath, Alberta, consists of privately owned farmland leased in 2009. Meteorological testing of the site began in early 2010 with very encouraging wind resource measurements to date. The project is being developed with our joint venture partner, Mainstream Renewable Power. It is expected the project may support up to a 300 MW wind park to be built once suitable transmission infrastructure is completed in the area. The Old Elm & Pothole Creek project is at Gate 3 in the AESO approval process and is waiting to finalize a transmission connection.”