VANCOUVER, British Columbia - Canadian Hydro Developers Inc plans to buy the rights to what it says could become the world's largest offshore wind farm, the company said on Monday.  The company did not name the wind prospect.

Canadian Hydro, which is Canada's largest renewable energy company, said the 4,400 megawatt wind prospect is in one of the Great Lakes bordering the province of Ontario.

The company said that, when completed, the facility would be the largest offshore operation in the world, supplying enough renewable energy to power over two million homes. It gave no price for the project, which is owned by Wasatch Wind Inc., a private U.S.-based renewable energy company.

"We expect the offshore wind prospect to give Canadian Hydro years of strong, double-digit growth and to provide our shareholders with attractive returns," Kent Brown, Canadian Hydro's chief executive officer said in a statement.

According to a statement released by the company: 

• The Offshore Wind Prospect is located approximately five to 30 kilometres offshore in one of the Great Lakes bordering Ontario, near available transmission interconnection.
• It has an estimated net capacity factor of 40 per cent.
• The Offshore Wind Prospect is eligible for the Ontario Green Energy Act’s Feed-In-Tariff 20-year contract at a price of $190 per MWh, subject to 100 per cent of Ontario consumer price index (“CPI”) inflation from contract signing to commercial operations and 20 per cent of Ontario CPI annually thereafter.
• Canadian Hydro anticipates that the Offshore Wind Prospect will be built in stages, with the first 400 to 500 MW to come online by the fourth quarter of 2014.
• Regulatory and environmental permits and approvals, site release from the Ontario Ministry of Natural Resources, and financing are required prior to proceeding with construction.

TransAlta Corp in July bid C$654 million ($600 million) for Canadian Hydro, which last week said it has received a number of other proposals from suitors.

Source: Canadian Hydro

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Wind Farms
written by Ralph E Sabean, September 29, 2009

This is another good way to create energy but will it help persons with low income? I doubt it because most big energy outfits are in it for the almighty dollar not the Almighty God who I'm sure would love to see more greener avenues of saving this planet he loaned us to care for. When we do something like solar emnergy especially since it is the only really green enegy that will not harm the natural resources of our planet. If used to the fullest potential we couls actually clean up our planet in ten years and have Clean air, Clean water, and Cleaner food. Cities would be clean instead of so filled with toxic chemicals that insects cannot even live in them anymore. I know some may say that is good but if a tiny insect can't live in this environment then how do you expect people not to be affected by the very air we breathe. This is very true and very scary but check it out, go out to the country and see how many insects, Mosquitoes etc. and then go into urban settings and see the difference. My son was living in Halifax at an apartment building near the edge of 101 highway. We went out on the patio and it was totally bug free in summer weather. At my home in Lequille we have black flies, Mosquitoes, may flies, ants, earwhigs, no-see-ums, wood ticks, and more. I was glad to get away from my home to a place like this but after thinking about it I realized it was the environment that was killing the insects and probably affecting every person living in cities and towns where ther are heavy traffic and factories. All these things that are killing us could be changed to solar and battery electric and our air, water and food wouls get better.

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