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Calgary-based company acquires Okanagan wind turbine project | iNFOnews | Thompson-Okanagan's News Source

February 06, 2021 - 6:30 AM
The ownership of Okanagan Wind, which has wind turbines at Pennask Summit and Sihish Creek, is changing hands.
Canadian Power Holdings Inc., a Calgary-based investor, owner and operator of power generation assets, will acquire the two wind power facilities from Instar AGT Asset Management, Inc. according to Canadian Power.
There are 10 wind turbines in total at the two Okanagan locations and the project has a 30-year Crown land lease to operate the wind farms until 2047. The power generated by the turbines is sold to B.C. Hydro and used as electricity across B.C.
There are no immediate plans for expansion, but the company will start by taking stock of the inventory, said Derek Goodmanson, chief executive officer of Canadian Power. ....

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The Drilldown: Wind energy gains momentum worldwide

iPolitics
By iPolitics. Published on Feb 5, 2021 12:14pm
A windfarm (Pixabay photo, from Pexels)
A number of companies around the world have struck wind energy deals.
Canadian Power Holdings Inc., a power investor company, has acquired Okanagan Wind, which operates two wind farms in southern B.C. The Calgary-headquartered company closed the deal for the renewable energy operator for more than $100 million, the Globe and Mail reports. The wind farms, together currently have a generating capacity of 30 megawatts, and the electricity it generates is bought by BC Hydro.
In Quebec, Premier François Legault’s government announced that a new $600 million wind power development called Apuiat has received the green light. The project is owned by Boralex Inc., and is located near Port-Cartier. The power development will deliver 200 megawatts of electricity a year and will be sold to Hydro-Québec. ....

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