Enbridge has joined Suncor Energy Products and EHN Wind Power Canada as an equal partner in the estimated Cdn$48 million (US$34.7 million) Magrath Wind Power Project in southern Alberta. The project is Enbridge's second wind power investment, the first being the SunBridge project in southwestern Saskatchewan that is a 50/50 partnership with Suncor.
The Magrath project, currently under construction, will consist of 20 1.5-megawatt (MW) wind turbines scheduled to come on line by late 2004 with a total capacity of 30 megawatts of electrical power.
Enbridge will pay one-third of the costs for a one-third interest in the project. Enbridge will also contract to purchase one-third of the power output of the project for its Enbridge Pipelines system. This will represent approximately 13% of Enbridge Pipelines' total power requirement in Alberta.
Participation in the Magrath project is consistent with Enbridge's strategy of pursuing renewable energy to expand the company's product line, and further positions the company to become a significant player as the wind energy industry develops. It is also consistent with Enbridge's commitment to sound environmental stewardship. As a transporter of energy, Enbridge operates, in Canada and the U.S., the world's longest crude oil and liquids pipeline system. The company also has international operations and a growing involvement in the natural gas transmission and midstream businesses.
Corporacion Energia Hidroelectrica de Navarra, S.A. (EHN) of Spain is a group dedicated to the development, construction, operation and ownership of renewable energy projects. The group has installed (or has under construction) 2,049 MW in renewables, of which almost 1,000 MW belong to the group. In the field of wind energy, it has built 59 wind farms, either its own or for other companies (almost all of them managed by the company), and has a further six under construction, representing total installed capacity of 1,963 MW. It has 20 small hydro power plants, a 25 MW biomass plant based on straw combustion and the largest photovoltaic solar energy plant in Spain in terms of capacity (1.2 MW). It is also building a biodiesel plant and has its own wind turbine production facility.
Suncor Energy is an integrated energy company headquartered in Calgary, Alberta. Suncor's oil sands business, located near Fort McMurray, Alberta, extracts and upgrades oil sands and markets refinery feedstock and diesel fuel while operations throughout Western Canada produce natural gas.
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