January 29, 2007

NB Power, TransAlta sign wind energy power purchase agreement

FREDERICTON, NB-New Brunswick Power and TransAlta Corporation have signed a 25-year power purchase agreement for 75 megawatts (MW) of wind power in 2008. This is the first such agreement to be signed since NB Power announced its intention to increase its wind power generating capacity by 200 MW by 2009. It follows from TransAlta's submission in response to a request for proposal (RDP) issued by NB Power. Under the agreement, TransAlta will construct, own and operate a wind power facility in Kent Hills, Albert County. The wind farm will consist of 25 wind turbines that will provide approximately 220,000 megawatt-hours (MWh) of wind electricity per year, enough to supply approximately 13,600 homes per year. New Brunswick's renewable energy target requires an additional 10% of the province's electricity to be obtained from renewable sources by 2016. In addition to its wind initiatives and its participation in the Electric Power Research Institute tidal power study, NB Power is exploring a variety of other options to obtain incremental renewable energy to meet the target. Other potential sources include biomass, small hydro and electricity generated from landfill gas.

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