Wind power project going ahead in 2010

Greengate Power Corp. has ridden out the economic storms and plans to start construction next year on a $350-million wind power project east of Stettler, said CEO Dan Balaban.

Greengate Power Corp. has ridden out the economic storms and plans to start construction next year on a $350-million wind power project east of Stettler, said CEO Dan Balaban.

“It’s definitely been a tough year for everyone, including the renewable energy and wind industry.

“We haven’t been scared off as a result of financial conditions,” said Balaban. “It’s just a matter of working through some short-term issues in the general market, which we’ve done.

“I think that we’re definitely seeing signs of significant improvement in the market right now. There is definitely financing available out there for good projects.”

Balaban said the company has advanced financing discussions underway on the 150-megawatt project that would see 100 wind turbines erected on 25,000 acres of private land.

“We have some very advanced financing discussions that are underway right now. We’re quite confident that once we get the final regulatory approval on that project, the financing is something we will be able arrange.”

Wind studies and environmental assessments have been completed on the Halkirk project and a larger Blacksprings project near Lethbridge.

“We are very encouraged by the results we’ve seen on the project to date,” he said. “As of today, we see no real impediments that will see us ultimately obtaining final approvals for (the Halkirk) project, as well as the Blacksprings project.”

The provincial go-ahead is expected by the end of the year or early next year. The application was filed with the Alberta Utilities Commission in March and their detailed reviews have been completed. The deadline for public submissions on the project is the end of this month.

Which of the two projects will be first out of the gate hasn’t been determined.

The company plans to invest almost $4 billion in 10 projects across Alberta. Other wind projects are slated for Radar Hill, southeast of Red Deer, Lacombe, Ponoka, Drumheller and Lethbridge.

Balaban is high on Halkirk’s potential.

“I don’t think Halkirk is just a good project. I think it’s one of the best wind projects in North America.

“The quality of the wind resource in the Halkirk area is world-class,” he said.

Another major advantage is that the transmission lines necessary to hook up the turbines to the provincial grid are already in place. That means the company doesn’t have to wait for provincial investment in power lines at a time when it is a contentious issue.

Just Posted

Red Deer group looking to keep roads safe for cyclists

A Red Deer cycling group is concerned about road safety after multiple… Continue reading

Smoke and pets do not mix

Take care of your pets during the smoky weather

Former Red Deer lawyer sentenced

Charges included possession of stolen property

Man causes mischief with axe in Ponoka

Arson and attempted break and enter charges laid

WATCH: Raising money for kids at the Gord Bamford Charity Golf Classic

Former NHL players, Olympians, pro rodeo circuit members and musicians teed off… Continue reading

Oilpatch fears delays as U.S. judge orders further review of KXL pipeline route

CALGARY — Potential delays in the completion of the Keystone XL pipeline… Continue reading

‘Queen of Soul’ Aretha Franklin dies at 76

NEW YORK — Aretha Franklin, the undisputed “Queen of Soul” who sang… Continue reading

Arrests in Burnaby, B.C., as order against Kinder Morgan protest camp enforced

BURNABY, B.C. — The RCMP arrested protesters Thursday as officers enforced a… Continue reading

‘Hot and dirty work:’ Commander describes fighting massive Ontario wildfire

BRITT, Ont. — From a helicopter flying over a smouldering swath of… Continue reading

Calgary Fire Department logs record opioid overdose calls in July

CALGARY — The Calgary Fire Department says there were a record number… Continue reading

RCMP in Burnaby, B.C., say Kinder Morgan protest camp to be dismantled

BURNABY, B.C. — The RCMP arrested protesters when officers enforced a court… Continue reading

Study: Smokers better off quitting, even with weight gain

NEW YORK — If you quit smoking and gain weight, it may… Continue reading

Most Read

Five-day delivery plus unlimited digital access for $185 for 260 issues (must live in delivery area to qualify) Unlimited Digital Access 99 cents for the first four weeks and then only $15 per month Five-day delivery plus unlimited digital access for $15 a month