Brief: Ecoener Awarded Its First Project In Canada With 140 MW Of Power

Ecoener SA

12/12/2024 07:51

Dec 12 (Reuters) - Ecoener SA  ECNER.MC :
    * AWARDED ITS FIRST PROJECT IN CANADA WITH 140 MW OF POWER
    * WIND FARM HAS ESTIMATED ANNUAL PRODUCTION OF 345 GWH
    * WINS TENDER BID SET UP BY CANADIAN PUBLIC ELECTRIC UTILITY BRITISH COLUMBIA HYDRO AND
POWER
AUTHORITY FOR CONSTRUCTION AND OPERATION OF A 140 MW CAPACITY WIND FARM IN BRITISH COLUMBIA AREA
    * ITS CONSTRUCTION IS SCHEDULED TO BEGIN IN 2029
    * PROJECT, WHICH WILL BEGIN CONSTRUCTION IN 2029, INCLUDES TAX INCENTIVE OF A DIRECT SUBSIDY
OF
30% OF INVESTMENT
    * PROJECT WILL INVOLVE INVESTMENT OF ABOUT 290 MILLION EURO AND ITS PRODUCTION IS SECURED BY
A
30-YEAR POWER PURCHASE AGREEMENT ENTERED WITH BC HYDRO
    * PPA EXPECTED TO GENERATE REVENUES OF ABOUT 900 MILLION EURO FOR CO

Source text:  ID:nCNM71bkgp 
Further company coverage:  ECNER.MC 

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