Ontario company buys 75% of $300M US wind project
Wind Works Power is buying a 75% interest in Thunder Spirit, a 150 megawatt wind energy project in North Dakota.
OTTAWA: An Ontario wind energy investment company is buying a 75% interest in Thunder Spirit, a 150-megawatt wind energy project in North Dakota.
Wind Works Power Corp., based in Ottawa, said the project, subject to completion of a facilities study, will connect into the Midwest Independent System Operator’s power market.
Construction, which is planned for 2012, will cost an estimated $300 million.
“Thunder Spirit is of particular interest given its proximity to the 180-megawatt Tatanka Wind Farm in North Dakota, which has been operational since 2008,” said Dr. Ingo Stuckmann, Wind Works’ president and CEO.
As Wind Power looks to secure a power purchase agreement, Stuckmann said the company is seeking a strong financial partner interested in a joint venture on the project.
The Thunder Spirit project increases Wind Works’ pipeline in the US to 425 megawatts.
The company has several wind projects on the go in Ontario, Germany and the US.