October 16 (Renewables Now) - BHE Canada, a unit of billionaire Warren Buffet’s Berkshire Hathaway Energy, will break ground on a 117.6-MW wind project in Alberta next year.
The so-called Rattlesnake Ridge Wind project calls for an investment of USD 200 million (EUR 181.2m), which will be provided without using government subsidies, BHE Canada said on Tuesday. The scheme is being privately financed through a combination of equity and debt, with installation to be carried out under a 18-month schedule.
To be located southwest of Medicine Hat, the power plant will be equipped with up to 28 turbines that will be able to generate around 475 GWh a year, once completed in December 2021. This will be enough to supply about 79,000 homes annually. The majority of the output will be sold to an unnamed Canadian corporate partner of BHE Canada under a long-term power purchase agreement.
UK-based Renewable Energy Systems is developing the project and will also provide construction and asset management services. BHE Canada expects that about 150 jobs will be created during the peak construction period.
BHE Canada and RES have also obtained permits for the 398.5-MW Forty Mile wind project in Alberta and are looking for partners to sign long-term PPAs for the output, according to the statement.
(USD 1.0 = EUR 0.906)