Wind Watch is a registered educational charity, founded in 2005. |
Katabatic Power secures funding for wind project
Translate: FROM English | TO English
Translate: FROM English | TO English
British Columbia wind farm developer Katabatic Power Corp. has signed a joint venture deal with Deutsche Bank AG, which will see the German financial giant help fund the potentially huge Banks Island wind project near Prince Rupert in northwestern B.C. The bank will contribute an undisclosed amount of money to help pay for design and engineering, the costs of getting environmental permits and negotiating with power buyers, and the purchase of turbines. If Katabatic is successful in bidding for a supply agreement with B.C. Hydro, the first 700 megawatts of power could be produced at Banks Island by 2009. Plans call for expansion to 3,000 MW over 10 years. B.C. Hydro has already agreed to buy the output of Katabatic’s 25.5 MW Mount Hays wind farm that is set to be completed in 2008.
By Richard Blackwell
This article is the work of the source indicated. Any opinions expressed in it are not necessarily those of National Wind Watch.
The copyright of this article resides with the author or publisher indicated. As part of its noncommercial educational effort to present the environmental, social, scientific, and economic issues of large-scale wind power development to a global audience seeking such information, National Wind Watch endeavors to observe “fair use” as provided for in section 107 of U.S. Copyright Law and similar “fair dealing” provisions of the copyright laws of other nations. Send requests to excerpt, general inquiries, and comments via e-mail.
Wind Watch relies entirely on User Funding |
(via Stripe) |
(via Paypal) |
Share: