🔴 LIVE: The Secrets of ProPicks AI Success Revealed + November’s List FREEWatch Now

Warren Buffett-backed Canadian firm to launch wind farm in 2020

Published 2019-10-15, 02:31 p/m
Warren Buffett-backed Canadian firm to launch wind farm in 2020
BRKa
-

Oct 15 (Reuters) - BHE Canada, a unit of Berkshire Hathaway (NYSE:BRKa) Energy, said on Tuesday it will launch a $200 million wind farm in southeast Alberta next year.

The 117.6 MW Rattlesnake Ridge Wind project, which is expected to begin generating energy in Dec. 2021, will produce enough to supply the equivalent of 79,000 homes, said BHE Canada, which is backed by Warren Buffett's Omaha-based Berkshire Hathaway BRKa.N . project, constructed without government subsidies, is being privately financed by BHE Canada through a combination of equity and debt and developed by U.K.-based Renewable Energy Systems (RES).

A large Canadian corporate partner has signed a long-term power purchase agreement for majority of the energy output from the project, BHE Canada said.

The company said it was also looking for long-term power purchase partners for its proposed Forty Mile Wind Farm in southeastern Alberta, which could potentially be the largest wind power project in Canada.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.