Samsung, Pattern finance, start construction on Ontario wind power project

Construction has begun on the Armow Wind power project in Ontario. Samsung Renewable Energy Inc. and Pattern Energy Group LP completed a $518 million construction and term loan financing, which was secured with 10 financial institutions.

Located in the Township of Kincardine, the 180 MW Armow Wind power project will use more than 200 Ontario workers and Ontario-made products, including 91 wind turbine towers made in Windsor and 273 blades manufactured in Tillsonburg.

The Armow Wind project will generate enough renewable energy to power about 70,000 Ontario homes based on average annual residential energy use in Ontario. The project, which is expected to be completed in the fourth quarter of 2015, will utilize 91 Siemens 2.3 MW wind turbines. Armow Wind has a 20-year power purchase agreement with the Ontario Power Authority (OPA).

In addition to producing wind power, the Armow Wind project is bringing economic benefits to the Kincardine community, including more than $75 million over 20 years in property taxes, landowner lease royalties and community benefits. The project will fund a long-term community benefits program, which will support education and other initiatives, including a contribution of $1 million to the Kincardine Airport to improve local operations.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs