The construction work on a 117.6-megawatt wind farm in the oil-rich region of Alberta, Canada, will start next year.
BHE Canada is a wholly-owned subordinate of Warren Buffett’s Berkshire Hathaway Energy.
BHE Canada said the Rattlesnake Ridge Wind project will produce enough energy to supply almost 79,000 houses.
Costing over 200 million Canadian dollars ($151.2 million), the plan is being privately funded by BHE Canada using fairness and debt. The firm added that a huge Canadian corporate partner had inked a long-term power purchase agreement for most of the energy generated by the project.
“The Rattlesnake Ridge Wind project is first in the development of new grid-scale wind generation in Alberta, being made and operated without government grants,” William Christensen said. He is the vice president for the co-operating development of BHE.
It’s anticipated that the wind farm will generate 475 gigawatt-hours yearly, with generation for the Albertan grid expected to begin on December 2021. Energy firm RES will help in the development of the project by supplying construction and asset management services.
Robert Hornung said that Alberta’s “unique combination of wind resource, open market structure and developing climate policy” made it possible to “secure low-priced power for the Alberta grid. That, in turn, provides an amazing opportunity for significant investments in the wind energy industry while also giving Albertans diverse economic opportunities”. He is the Canadian Wind Energy Association’s president.
While oil is a significant cog in Alberta’s economy — its oil sands are home to the world’s third-largest oil reserves, according to its government — renewable energy projects are also being developed there.