Pattern Development has provided C$1bn ($794.67m) for the construction of the 300MW Henvey Inlet windpower project in Ontario, Canada.
The project is being carried out by a joint venture (JV) between Pattern Development and Nigig Power, which is a wholly-owned subsidiary of Henvey Inlet First Nation.
Henvey Inlet First Nation chief Wayne McQuabbie said: “This will be the first windpower project on First Nation land, representing an economic turning point in which we are creating a prosperous future.”
Once completed, the new Henvey Inlet facility will comprise 87 units of Vestas 3.45MW wind turbines, with a rotor diameter of 136m and a hub height of 132m.
Under a power purchase agreement signed for a period of 20 years, the Independent Electricity System Operator (IESO) will buy all electricity generated at the site.
During its construction period, the project is expected to create up to 500 new job opportunities and will employ nearly 15 permanent full-time workers when in operation.
In addition, it will create the requirement for more than 100 on going indirect jobs.
Nigig Power president and CEO Ken Noble said: “We aren’t just building a windfarm, we’re building an economy.
“The net proceeds over the next two decades of operations will provide the financial resources to transform the local economy, expand all community services, relieve poverty and create employment.”
The Henvey Inlet windpower project is scheduled to be operational in the first half of 2019 and will be capable of producing renewable energy for approximately 100,000 households across Ontario every year.