All figures are in Canadian dollars.
TORONTO, Jan. 30 /CNW/ - Acciona Wind Energy Canada Inc. and Suncor
Energy Products Inc. today announced they have started full-scale construction
on their 76-megawatt (MW) wind power project near Ripley, Ontario. The Ontario
Energy Board recently granted regulatory approval for the wind farm's two
substations and transmission line, completing the project's key regulatory
The Ripley Wind Power Project will include 38 two-megawatt Enercon wind
turbines, a transmission line and two electrical substations. The wind farm is
located on the eastern shores of Lake Huron in Huron-Kinloss Township,
approximately 220 kilometres west of Toronto and 140 kilometres north of
The project is expected to have the capacity to generate enough
zero-emission electricity to power 24,000 homes and offset approximately
66,000 tonnes of carbon dioxide annually. Project cost is estimated at
approximately $176 million.
Foundations for the turbines are now being poured. Pending weather
conditions, construction will take a brief break during the winter months.
Construction is expected to be complete this summer, with wind farm
commissioning anticipated for late 2007.
"The start of major construction on our Ripley wind power project is an
exciting achievement for Suncor. It brings us one step closer to providing
clean energy to Ontario consumers," said Dave Byler, Suncor's executive vice
president of natural gas and renewable energy. "Our wind energy program is an
important part of Suncor's journey to becoming a sustainable energy company.
We welcome the steps being taken by government to encourage investment in
The project is the result of the Ontario government's request for
proposals to supply approximately 1,000 MW of renewable energy. The Ontario
government aims to produce 10 per cent of the province's electricity from
renewable sources by 2010.
"Ripley is a significant part of our strategy to increase Acciona's
presence in Canada, and to collaborate in the development of wind power in
this country. We are excited to assist the Ontario government in meeting its
renewable energy commitment," said Alberto de Miguel, Acciona's executive
director of corporate development and strategy.
Suncor and Acciona will also submit an application for funding from the
Canadian government's recently announced ecoEnergy Renewable Power Initiative,
which supports wind power development in Canada.
Suncor and Acciona are equal partners in the Ripley Wind Power Project.
They also jointly own and operate, along with Enbridge Inc., the 30-megawatt
Magrath Wind Power Project and the 30-megawatt Chin Chute Wind Power Project,
both in southern Alberta. Suncor and Enbridge own and operate the
11.2-megawatt SunBridge Wind Power Project near Gull Lake, Saskatchewan.
Suncor, which operates a Sarnia-based refinery and a network of Sunoco
retail stations, is also supporting renewable energy in Ontario through a
$120-million ethanol plant in the Sarnia-Lambton region. The St. Clair Ethanol
Plant produces about 200 million litres of ethanol annually from approximately
20 million bushels of corn, making it the largest ethanol production facility
in Canada. Since 1996, Suncor has been blending ethanol into its Sunoco
gasolines. Ethanol-blended gasolines help reduce carbon monoxide emissions by
up to 30 per cent.
Suncor Energy Products Inc. is a wholly-owned subsidiary of Suncor Energy
Inc., an integrated energy company headquartered in Calgary, Alberta. Suncor's
oil sands business, located near Fort McMurray, Alberta, extracts and upgrades
oil sands and markets refinery feedstock and diesel fuel, while operations
throughout Western Canada produce natural gas. Suncor operates a refining and
marketing business in Ontario with retail distribution under the Sunoco brand.
U.S.A. downstream assets include refining operations in Colorado and retail
sales in the Denver area under the Phillips 66 brand. Suncor's common shares
(symbol: SU) are listed on the Toronto and New York stock exchanges.
Sunoco in Canada is separate and unrelated to Sunoco in the United
States, which is owned by Sunoco, Inc. of Philadelphia.
Acciona Wind Energy Canada Inc., formerly EHN, is owned 100% by Acciona
S.A., which is a group based in Spain dedicated to infrastructures and
services aimed at sustainable development and social welfare. Acciona Energy
is a leader in the development, construction, operation and ownership of
renewable energy projects. The company has installed 4,554 megawatts (MW) in
renewables, of which 3,228 MW belong to the group. In the field of wind
energy, it has built 166 wind farms in 12 countries, either for its own or for
other companies (almost all of them managed and operated by the company),
representing total installed wind capacity of 4,410 MW. Through its subsidiary
Acciona Windpower, it manufactures 1,500 KW wind turbines using in-house
technology. It has 19 small hydro power plants, three biomass plants (one of
them a 25 MW facility based on straw combustion, 29 MW in photovoltaic power
installed and the equivalent to 25 MW of solar thermal capacity). It has also
a biodiesel plant that uses first-use vegetable oils. Acciona S.A. is a member
of the World Business Council for Sustainable Development, becoming the first
Spanish publicly traded company of the Ibex 35 to joint this global council.
This news release contains forward-looking statements identified by words
such as "expected" and "proposed," which is based on Suncor's current
expectations, estimates, projections and assumptions made in light of its
experiences and the risks, uncertainties and other factors related to its
business. Actual events could differ materially as a result of changes to
Suncor's plans and the impact of events, risks and uncertainties discussed in
Suncor's current annual information form, annual and quarterly reports to
shareholders and other documents filed with regulatory authorities.
For further information:
For further information: Contacts: Suncor Energy, Coral Hulse, (403)
205-6828; Acciona Energy, Karen Nowicki, (585) 723-2113