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Buffett Backed Energy Firm to Build $150 Million Wing Project in Canada

Construction work on a 117.6-megawatt wind farm in the oil-rich region of Alberta, Canada, will begin next year.

In a declaration Tuesday, BHE Canada — a wholly-owned unit of Warren Buffett’s Berkshire Hathaway Energy — said the Rattlesnake Ridge Wind mission would generate “enough power to supply the equivalent of 79,000 homes.”

Costing over 200 million Canadian dollars ($151.2 million), the scheme is being privately backed by BHE Canada utilizing equity and debt. The firm added that a “large Canadian company partner” had inked a “long-term energy purchase settlement” for most of the power generated by the mission.

It’s expected that the wind farm will produce 475 gigawatt-hours yearly, with generation for the Albertan grid anticipated to begin in December 2021. Energy agency RES will develop the project, supplying construction and asset administration services.

Robert Hornung, the Canadian Wind Energy Association’s president, commented that Alberta’s “unique mixture of wind resource, open market structure, and rising climate policy” made it the potential to “secure low-price power for the Alberta terminal.”

While oil is a big wheel in Alberta’s economy — its oil sands are home to the world’s third-largest oil reserves, according to its authorities — renewable power projects are further being developed there.

In August, the Alberta Utilities Commission granted permission for the construction and operation of a 400-megawatt photovoltaic plant in Vulcan County, Alberta.

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Peter Leonhard

The group employed Peter Leonhard last year as a column lead. Previously he was leading the Natural Gas column, later took the wheel of Power and Energy column. Peter alongside an associate, looks after the functioning of the column. Right from sourcing information to writing news, they both do it all. Peter is also an environmentalist working on the climate crisis.

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