Coquitlam, British Columbia, Nov. 28, 2005 — A major European wind turbine manufacturer has agreed to supply 20 megawatts of new wind turbine generators in 2006, for the Grand Manan Project in New Brunswick, Canada.
The value of the purchase is over $20 million (Cdn.) and the agreement for 2006 delivery must be finalized in a formal Turbine Supply Agreement prior to January 31, 2006.
The turbine manufacturer will supply the agreement to the company prior to December 16, 2005.
The company was awarded the 20-megawatt contract from New Brunswick Power on June 24, 2004.
During the past year, the company has executed over $800 million (Cdn.) of power purchase agreements totaling 159.5 megawatts from the sale of wind energy electrical generation, from three separate utilities.