June 28, 2004

Ivanhoe, Enmax sign largest wind power deal for shopping centre industry

CALGARY, ALTA-Ivanhoe Cambridge and Enmax have signed a five-year agreement to supply green power to six of Ivanhoe's Alberta shopping centres and two professional offices. The eight properties will obtain 25% of their total energy supply from wind-generated electricity. This represents the largest wind power purchase in the North American shopping centre industry. Enmax subsidiary Enmax Energy will provide the green power through its Greenmax program. The power source will be wind farms in southern Alberta including McBride Lake, Canada's largest wind farm of which Enmax owns 50%. The participating Ivanhoe Cambridge properties are St Albert Centre, in St Albert; Southgate Centre and Mill Woods Town Centre, in Edmonton; the Southcentre Mall, Sunridge Mall and Deerfoot Outlet Mall, in Calgary; and the Southcentre Executive Tower and Mill Woods Town Centre professional offices. Over the contract period, the purchased power will amount to 23,700 megawatt-hours (MWh) annually, equivalent to reducing 23,700 tonnes of carbon dioxide (CO2) emissions or not driving a car for more than 100 million kilometres. This is the same amount of CO2 reduced by more than 2.5 million fully-grown trees per year. Launched in 1998, the Greenmax program currently has more than 10,000 residential customers and about 200 commercial customers. More information is available from Sneh Seetal at Enmax, 403/514-3062 or Lisa Rushka at Ivanhoe Cambridge, (403) 531-0331.
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