International Power Canada strikes power purchase agreements for Ontario wind farms

Toronto, August 8, 2011 International Power Canada secured 20-year power purchase agreements with the Ontario Power Authority for all of the output from its 99 MW Erieau and 99 MW East Lake St. Clair wind projects in southwestern Ontario. The PPAs will commence upon completion of construction and commissioning of both facilities, scheduled in early 2013.

The Ontario Power Authority, an agency of the Ontario government, launched a full-scale Feed-In Tariff program for contracting renewable power in 2009. The FIT program provides long-term, fixed power prices for renewable sources of generation such as wind, solar and biomass in Canada's most populous province of 12 million people.

The Erieau and East Lake St. Clair projects, estimated to cost about $300 million apiece and each consist of 55 Vestas V90 1.8 MW turbines, will create about 250 construction jobs during their peak construction periods and 12 permanent operating and maintenance positions to run the two facilities. During construction, the projects are expected to infuse about $50 million into the local economy.

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