Grand Renewable Energy Park is a 149MW onshore wind power project. It is located in Ontario, Canada. The project is currently active. It has been developed in single phase. The project construction commenced in 2013 and subsequently entered into commercial operation in December 2014.
| Project Type | Total Capacity (MW) | Active Capacity (MW) | Pipeline Capacity (MW) | Project Status | Project Location | Project Developer | Onshore | 149 | 149 | – | Active | Ontario, Canada | Korea Electric Power; Pattern Energy Group; Samsung C&T |
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Description
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By GlobalDataThe project was developed by Korea Electric Power, Pattern Energy Group and Samsung C&T. The project is currently owned by Pattern Energy Group with a stake of 45%, Six Nations of the Grand River Development with a stake of 10% and Samsung Renewable Energy.
The project supplies enough clean energy to power 50,000 households, offsetting 423,000t of carbon dioxide emissions (CO2) a year. The project cost is $364.007m.
Development Status
The project is currently active. The project construction commenced in 2013 and subsequently entered into commercial operation in December 2014.
Power Purchase Agreement
The power generated from the project is sold to Independent Electricity System Operator under a power purchase agreement for a period of 20 years from 2014. The contracted capacity is 149MW.
Contractors Involved
Siemens Gamesa Renewable Energy was selected as the turbine supplier for the wind power project. The company provided 67 units of SWT-2.3-101 turbines.
Siemens Gamesa Renewable Energy is the O&M contractor for the wind power project for a period of 3 years.
The wind power project consists of 100m high towers supplied by CS Wind Canada.
The rotor blades have been supplied by Siemens Gamesa Renewable Energy. The blade length is 101.000m.
About Korea Electric Power
Korea Electric Power Corp (KEPCO) is an integrated electric utility. It generates, transmits, and distributes electricity. The company produces electricity using nuclear, thermal, renewable and other sources. Through power purchase agreements with independent power producers, KEPCO procures electricity. It also provides plant maintenance and engineering services for thermal and nuclear power plants; information services and communication line leasing; and sells nuclear fuel. KEPCO serves residential, commercial, educational, industrial, agricultural, street lighting, and overnight power customers in the country. The company is owned by Korea Development Bank, foreign investors, Government of the Republic of Korea, and others. KEPCO is headquartered in Naju-si, Jeollanam-do, South Korea.
About Pattern Energy Group
Pattern Energy Group Inc (Pattern Energy), is an independent renewable energy company. The company develops, operates and owns an interest in renewable energy projects. It develops wind and solar energy and sells electricity to customers under public service agreements (PSAs) and other local markets. It owns an interest in various renewable energy power projects such as Amazon Wind, Grady, Hatchet Ridge, Kanagi Solar, Post Rock and Belle River among others; and in an upstream development platform. The company also owns an interest in Pattern Development, which engages in the development of projects in the US, Canada, Mexico and Japan. Pattern Energy is headquartered in San Francisco, California, the US.
About Samsung C&T
Samsung C&T Corp (Samsung C&T) is a diversified company. It operates various businesses including engineering and construction, trading and investment, fashion and resort businesses. The company also carries out the building, civil infrastructure, urban development, plant and housing construction works. Samsung C&T carries out trading of chemicals, iron and steel, industrial materials, energy and mineral resources, and supplies plants for the textile industry. The company also offers a wide range of clothing and accessories for men and women under several brands; and also carries out the construction and management of theme parks, golf clubs and resorts. Samsung C&T is headquartered in Seoul, South Korea.
Methodology
All power projects included in this report are drawn from GlobalData’s Power Intelligence Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponent’s – news, deals and financial reporting, regulatory body, associations, government planning reports and publications. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector.
