U.S. wind developer sells 4,400MW project in Lake Erie to Canadian Hydro Developers
Wasatch Wind Park City, Utah, recently signed a transaction to sell the rights to a 4,400MW offshore wind project in Lake Erie to Canadian Hydro Developers, Calgary, Canada. If completed to capacity, the project would power more than two million homes and represent the largest offshore wind facility in the world.
Wasatch Wind had identified Ontario as an area of interest for wind energy development due to its supportive political climate for renewable energy. The company retains other wind development projects in Ontario including land-based projects, which are also eligible for Ontario’s Feed-in Tariff (FIT) program.
"As a result of our in-depth analysis, we determined that certain areas of the Great Lakes have exceptional potential as wind energy development sites,” states Michael Cole, VP of special projects for Wasatch Wind. “Based on our early development efforts we were able to successfully attract the interest of several potential investors and partners. We selected Canadian Hydro based on their renewable energy leadership in Ontario.”
