Teck, Suncor partner on wind power project
Vancouver — The Canadian Press h4. Published on Wednesday, Sep. 22, 2010 1:02PM EDT h4. Last updated on Wednesday, Sep. 22, 2010 1:15PM EDT
Canada’s largest energy company is partnering with the country’s biggest miner to develop a major wind farm project in Alberta.
Suncor Energy Inc. (SU-T32.35-0.48-1.46%) says Teck Resources Ltd. (TCK.B-T39.910.882.25%) has agreed to invest in the Wintering Hills project near Drumheller.
Suncor will own a 70-per-cent interest in the project, while Tech will invest about $66-million and own the remaining 30 per cent.
Construction has already started on the 88-megawatt project, which received regulatory approval in June and is expected to be completed by the end of 2011.
At peak operation, the 55, 1.6-megawatt turbines at Wintering Hills are expected to generate enough electricity to power 35,000 Alberta homes.
“Teck is committed to the efficient use of energy and responsible management of associated greenhouse gas emissions to create a more sustainable future,” John Thompson, vice-president, technology and development at Teck, said in a statement.
“We look forward to working with Suncor, a Canadian pioneer in wind power.”
Jim Provias, Suncor vice-president for renewable energy, described Wintering Hills as the company’s biggest wind power project to date and “another example of Suncor’s ongoing commitment to increasing renewable energy options in Canada.”
Alberta Energy Minister Ron Liepert said the project showed that Alberta continues to move in the right direction.
“We are committed to advancing clean energy production,” Liepert said. “The Wintering Hills project will help us achieve this goal while contributing to Alberta’s efforts to tap into a more diverse selection of energy sources in the future.”