Westman Wind Power announces $1.5bn Manitoba wind projects

9 March 2006 - Westman Wind Power Company announced Wednesday that it is developing eight wind power projects in Manitoba with a total value of approximately $1.5bn. The eight projects will have an initial capacity of approximately 700 MW and a potential maximum capacity of more than 1400 MW.

"Wind is the fastest growing source of power generation in the world" said Westman partner Paul Edwards, a Winnipeg lawyer and businessman, "and we think Manitoba can be a world leader in the development of wind power."

CFI Group (CFI) has been engaged to arrange financing to develop the wind farm projects. CFI Group specializes in providing customized medium and long-term structured and infrastructure debt and equity financing solutions for private and public corporations. The Company is owned by management and Canada Life, a wholly-owned subsidiary of Great West Life. More information about CFI Group can be found at www.corpfinance.ca

"CFI has obtained significant funding commitments from the investors in its equity fund, including Manitoba Teachers' Retirement Allowances Fund and Ontario Teachers' Pension Plan, for the purpose of investing in energy and infrastructure projects across Canada," said Chris Ball, Executive Vice- President of CFI Group. "The Manitoba government's continued strong support of wind energy is essential to ensure this Manitoba-developed project comes to fruition. We are confident that the Westman team has the right combination of development experience and local knowledge to successfully execute these important energy projects."

Westman is a Manitoba wind power developer based in Winnipeg. The company was formed in 2004 to develop wind projects within the province while also maximizing the economic, environmental and social benefits to Manitobans. Along with Edwards, the principals of Westman include David Martin, a Winnipeg businessman, Neil Duboff, a Winnipeg lawyer, and Dave Courtney, a renewable energy expert based in Kenora.

Westman is developing the projects with technical support and assistance from Wardrop Engineering, one of the largest engineering firms based in Manitoba, and two other wind power developers, Padoma Wind Power and Gale Force Energy.

In selecting site locations, the Westman team relied on Helimax Energy, Canada's leading wind energy consultant. Helimax used historical weather data and computer-based modeling to determine the windiest spots in the province

Sponsored by FLSmidth

Related Articles

Mexico's Ready to Do Business in the Wind Sector

The Mexican government announced in late 2014 that it is going to implement a new energy policy that would open up the electricity market for oil and gas.

Quebec wind energy project gains power purchase contract

Pattern Energy Group LP (Pattern Development) said that its 147-MW Mont Sainte-Marguerite Wind project entered a 25-year power purchase agreement with Hydro-Quebec.
 

Follow Power Engineering on Twitter
Latest News

S. Africa court dismisses Westinghouse nuclear generator replacement dispute

A South African court dismissed a filing from Westinghouse Electric Co. asking to reopen bidd...

IAEA urges India to tighten nuclear safety regulations

The International Atomic Energy Agency (IAEA) is pressing India to tighten its nuclear safety...

Caterpillar's C280 Genset enters China offshore market

Caterpillar Oil & Gas will supply six of its Cat C280-16 offshore generator sets (gensets...

Justices divided over EPA mercury limits

The Supreme Court's conservative justices cast doubt on the Obama administration's first-ever...

Report: Global wind power installations increased by 42% in 2014

Global wind power installations grew 42 percent year-over-year, according to a new report con...

Low carbon standard passes Ill. Senate committee

An Illinois Senate committee passed a bill that would establish a low carbon standard that wo...

Russia to build two nuclear power reactors in Jordan for $10bn

Russia signed a $10 billion deal to build Jordan’s first nuclear power plant.

Iowa top officials on opposites sides in EPA lawsuit

Iowa's governor and attorney general were on opposite sides of a case argued Wednesday at the...

Power Engineering Current Issue

02/01/2015
Volume 119, Issue 2
1502PE-cover
Products Showcase
Dynamic Fluoride Ion cleaning DFIC of industrial natural gas turbines Hi-Tech Furnace Systems

Dynamic Fluoride Ion Cleaning of IGT Parts

The Dynamic Fluoride Ion Cleaning (DFIC) Process from Hi-Tech Furnace Systems is able to clean deep, narrow cracks of oxides by cycling between negative, atmospheric, and positive pressure.

Archived Articles

2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015

Buyers Guide Categories

Buyers Guide Company Listings

Power Industry Wire News

Earthstone Energy, Inc. Reports Fourth Quarter and Full Year 2014 Results

Earthstone Energy, Inc. Reports Fourth Quarter and Full Year 2014 Results

Chicago's Lakeshore Recycling Systems Helps Change a Life on March 27 Airing of the Steve Harvey Show

Chicago's Lakeshore Recycling Systems Helps Change a Life on March 27 Airing of the Ste...

East West Petroleum Corp.'s CEO David Sidoo Interviewed by The Energy Report

East West Petroleum Corp.'s CEO David Sidoo Interviewed by The Energy Report

Perma-Fix Schedules Fourth Quarter 2014 Earnings Conference Call

Perma-Fix Schedules Fourth Quarter 2014 Earnings Conference Call

Murray Energy's Controlling Interest of Foresight Creates U.S. Coal Mining Giant, an Industrial Info News Alert

Murray Energy's Controlling Interest of Foresight Creates U.S. Coal Mining Giant, an In...

Power Engineering

Article Archives for Power Engineering Magazine

Continuing Education

Professional Development Hours

To access a course listing associated to a specific topic listed below, click on the topic of choice from the list below.

Latest Energy Jobs

View more Job Listings >>