DONG Energy Signs LoI for big offshore wind project in British Columbia, Canada
DONG Energy and NaiKun Wind Energy Group have signed a Letter of Intent (LOI) which gives DONG Energy the exclusive rights to negotiate a joint development agreement for the Haida Energy Field Offshore Wind Project in British Columbia and explore the potential for establishing a long-term partnership with Naikun Wind Energy Group.
Located in Hecate Strait, between Haida Gwaii and Prince Rupert on the British Columbia mainland, the Haida Energy Field location has some of the strongest, most-consistent winds in the world and comprises of a 550-square kilometer area. The project would feature bottom-fixed structures due to the shallow water at the project location.
The site off Canada's west coast could support up to 400MW of capacity in the first phase of the project. The whole area could support up to 2GW of offshore wind if fully developed over several phases.
Michael O’Connor, President and CEO of Naikun, said:
“This agreement effectively connects the largest offshore wind developer in the world with a project that offers one of the strongest, most-consistent wind resources in the world."
Thomas Brostrøm, President for DONG Energy Wind Power North America:
“Offshore wind is a reliable home-grown energy source and we are excited to explore the Canadian market. We see this opportunity as a first step to bringing offshore wind power to Canada in what could become a strategic partnership with the nation’s front-runner project.”
The Haida Energy Field could significantly contribute to meeting British Columbia’s future energy needs. Offshore wind is a key part of the global shift to increase the use of renewable energy and this project could help to propel British Columbia and Canada into the new energy economy.
We have informed about other wind projects in Canada:
- 185 MW Meikle wind project in British Columbia
- 76 MW Ripley wind farm in Toronto
- 74.3 MW Amherst Island onshore wind project in Ontario
- 364 MW Seigneurie de Beaupré Wind Farms
- 46 MW Oldman 2 wind park in Alberta
- 200 MW onshore wind project in Saskatchewan
- 16.1 MW Ellershouse wind park in Nova Scotia
Country news
-
-
August 10, 2017
BC Hydro acquires additional interest in 480 MW Waneta Dam
BC Hydro has announced it plans to purchase the remaining two-third ownership interest in the Waneta Dam and Generating Station in Trail, B.C. from Teck Resources Limited (Teck) for CAD1.2 billion (US$945 million). The purchase is forecast to have a beneficial financial impact each year, helping to keep rates affordable for BC Hydro’s customers.
Read more -
August 04, 2017
La Caisse acquires a 17.3% interest in Boralex
Boralex has announced that Caisse de dépôt et placement du Québec has acquired all of the Class A common shares of Boralex held by Cascades representing 17.3% of the outstanding shares for the amount of CAD287.5 million (US$228.4 million).
Read more -
July 19, 2017
SaskPower's 200 MW wind project moves to RFP phase
The competitive process for the SaskPower's next 200 MW of utility-scale wind capacity is moving forward, with the Request for Proposal (RFP) phase of the competition.
Read more -
July 10, 2017
Fengate reaches financial close on acquisition of 40 MW operating wind asset in Ontario
Fengate Real Asset Investments has announced that the firm has reached financial close on its acquisition of a 75% limited partner interest and 50% general partner interest in a 40 MW operating wind farm in Southern Ontario.
Read more -
June 28, 2017
InstarAGF closes first fund at target size
InstarAGF Asset Management and AGF Management have announced the final closing of the InstarAGF Essential Infrastructure Fund with US$740 million in aggregate equity commitments from institutional and high net worth investors from Canada, Europe, the United Kingdom and United States.
Read more
