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
Recommend this article Recommend this article () You recommended this article You recommended this article ()
Follow Power Engineering on Twitter

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.

Latest News

Shutterstock coal production trucks

Weekly Coal Production

The Weekly Coal Production shows how much coal is being produced across the U.S.

Federal Reserve Bank of Dallas Weekly Economic Indicators financial business

The Federal Reserve Bank of Dallas' Economic Indicators

The Federal Reserve Bank of Dallas offers a glimpse into how the markets are doing domestical...

Kvaerner awarded contract for gas-fired power plant in Delaware

Kvaerner North American Construction Inc. and its joint venture partner, Parsons Brinckerhoff...

Canadian Solar purchases two solar projects

Canadian Solar Inc. has acquired a majority interest in two utility-scale solar power project...

Operators Restart Unit 2 at PPL Susquehanna

Unit 2 at the PPL Susquehanna nuclear power plant near Berwick, Pa. resumed generating electr...

Settlement agreement limits cost recovery at Edwardsport

The Indiana Utility Regulatory Commission (IURC) on Dec. 27 modified and approved a settlemen...

Toshiba in talks to sell portion of Westinghouse nuclear unit

Toshiba Corp is in talks  to sell up to 16% of its stake in the Westinghouse Electric Co...

Utah nixes nuclear waste storage facility

Plans to park radioactive waste at a storage facility in Utah have been officially called off.

Archived Articles

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

Buyers Guide Categories

Current Magazine Issue

Volume 117, Issue 8

Buyers Guide Company Listings

Siemens Wind Power A/S

Offers on and offshore wind turbines with 2.3 and 3.6 MW generator capacities.

Vestas Wind Systems A/S

Wind: It means the world to us. We are relentlessly committed to the success of wind, providing everything our partners need to succeed in their wind power ambitions.

Power Industry Wire News

Anadarko Announces Board of Directors Election

Anadarko Announces Board of Directors Election

Range Announces Second Quarter 2014 Results

Range Announces Second Quarter 2014 Results

VIA CEO John Weber to Speak at Electric Vehicle Conference

VIA CEO John Weber to Speak at Electric Vehicle Conference

PHI Group Signs Agreements to Set Up Joint Venture Wood Pellet Factories in Vietnam

PHI Group Signs Agreements to Set Up Joint Venture Wood Pellet Factories in Vietnam

High School Students From Across the U.S. Explore Chemistry and Careers at the BASF Science Academy

High School Students From Across the U.S. Explore Chemistry and Careers at the BASF Sci...

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 >>