Sea Breeze Power Corp. receioved a C$7 million ($6.7 million) payment for Phase 1 of the 99 MW Cape Scott Wind Farm on Vancouver Island. Cape Scott was formerly known as the Knob Hill Wind Farm. The payment was made by International Power Canada Inc. due to the beginning of construction on the project.
British Columbia Hydro (BC Hydro) signed a 20-year power purchase agreement for the output. Sea Breeze also holds an option to acquire a 10 percent equity interest in the project.
Commercial operation of the Cape Scott Wind Farm is scheduled to begin in 2013.
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