Projet|9 juin 2011
Greengate Power completes wind energy project agreements with Vestas
Torys acted as counsel to Greengate Power with a team that included Ron Deyholos and Harold Huber.
On June 9, 2011, Greengate Power Corporation (Greengate), through its wholly-owned subsidiaries Blackspring Ridge IA Wind Project LP and Blackspring Ridge IB Wind Project LP, entered into turbine supply and long-term service and maintenance agreements with Vestas-Canadian Wind Technology, Inc. (Vestas) for its 300 MW Blackspring Ridge I Wind project (Blackspring Ridge I). Greengate is expecting to begin construction on Blackspring Ridge I in 2012, with a target commercial operation date of 2013. Upon completion, Blackspring Ridge I is expected to be Canada's largest operating wind energy project.
Under the terms of the turbine supply agreements, Vestas will supply 166 of its V90-1.8 MW wind turbines for Blackspring Ridge I. Pursuant to the terms of the long-term service and maintenance agreements, Vestas will provide 10 years of service and maintenance for Blackspring Ridge I at a predetermined cost. The scope of these agreements covers all scheduled and unscheduled service and maintenance relating to the Vestas wind turbines at Blackspring Ridge I.
Greengate is a privately held renewable energy project developer based in Calgary, Alberta, Canada. It is focused on the development of high quality wind energy projects across Alberta with access to existing transmission and supported by long-term, fixed-price agreements. Greengate is currently developing 1,550 MW of wind energy projects on approximately 200,000 acres of private land.
Vestas is a leading supplier of modern energy with more than 35,000 wind turbines installed in 63 countries. The company's core business comprises the development, manufacture, sale and maintenance of wind technology that uses wind energy to generate electricity. Vestas has supplied over 10,000 wind turbines to the USA and Canada, and recently opened its first North American manufacturing facility in Windsor, Colorado.
Further information is found on the websites of Greengate and the Calgary Herald.
Under the terms of the turbine supply agreements, Vestas will supply 166 of its V90-1.8 MW wind turbines for Blackspring Ridge I. Pursuant to the terms of the long-term service and maintenance agreements, Vestas will provide 10 years of service and maintenance for Blackspring Ridge I at a predetermined cost. The scope of these agreements covers all scheduled and unscheduled service and maintenance relating to the Vestas wind turbines at Blackspring Ridge I.
Greengate is a privately held renewable energy project developer based in Calgary, Alberta, Canada. It is focused on the development of high quality wind energy projects across Alberta with access to existing transmission and supported by long-term, fixed-price agreements. Greengate is currently developing 1,550 MW of wind energy projects on approximately 200,000 acres of private land.
Vestas is a leading supplier of modern energy with more than 35,000 wind turbines installed in 63 countries. The company's core business comprises the development, manufacture, sale and maintenance of wind technology that uses wind energy to generate electricity. Vestas has supplied over 10,000 wind turbines to the USA and Canada, and recently opened its first North American manufacturing facility in Windsor, Colorado.
Further information is found on the websites of Greengate and the Calgary Herald.