Canadian Hydro Developers (TSX:KHD) announced the opening of the Melancthon EcoPower® Centre, Canada’s largest wind farm to date.
Located two hours northwest of Toronto, the 200 MW plant is under contract to sell all its electricity and Renewable Energy Certificates (RECs) to the Ontario Power Authority.
Annual average long-term generation from the EcoPower® Centre is expected to be 545 GWh, enough to power approximately 70,000 average homes.
“This mutually-beneficial relationship provides long-term, stable electricity prices to Ontarians and, in return, we receive long-term, stable cash flows that ensure the economic viability of our Company, says CEO John Keating.
Phase II of the Melancthon EcoPower® Centre is one of two fully-financed projects that will double the size of Canadian Hydro in the coming months.
Canadian Hydro is Canada’s largest wind developer, owning and operating 20 plants with 364 MW of capacity in operation, 517 MW in and nearing construction, and 1,632 MW in development. The portfolio is unique in Canada as all facilities are certified, or slated for certification, under Environment Canada’s EcoLogoM Program. The company also operates small hydro plants and one biomass plant.
CanHydro is on our 2008 SB20 List, the World’s Top Sustainable Stocks.
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