Samsung Renewable Energy and Pattern Energy Group (Pattern Development) have signed a 20-year power purchase agreement (PPA) with the Independent Electricity System Operator (IESO) regarding the 100 megawatt (MW) North Kent Wind project in Ontario, Canada, according to a recent press statement.
The huge wind energy project is located in the Regional Municipality of Chatham-Kent, and is expected (by some analysts) to bring large economic benefits to the region.
“We appreciate the support we have received from Chatham-Kent for this project, which will provide many benefits in the Municipality including job creation, business for local contractors, property tax revenue, and a $4 million community benefits contribution,” stated Mike Garland, President and CEO of Pattern Development. “We look forward to continuing to work with the community on advancing this great project and helping Ontario reach its clean energy goals.”
“North Kent Wind is the sixth wind project of our $5 billion Green Energy Investment agreement here in Ontario. Samsung is proud to be a part of the Chatham-Kent community and excited about our equity partnership with the Municipality that will create local jobs,” noted Steve Cho, Vice President of Samsung C&T Corporation. “Samsung is dedicated to delivering meaningful benefits to communities where we are building clean, renewable energy projects.”
Peak construction on the project is expected to result in roughly 200 skilled temp jobs being created. After the project enters its operational phase, roughly 10 new permanent jobs will be created.
As it stands, construction is expected to begin sometime towards the end of 2016 — with completion then being set for sometime towards the end of 2017.
Reportedly, local contractors will be utilized during construction + operations.
Altogether, the Kent Wind Project is expected to result in roughly $5 million in tax revenue for the municipality over a 20-year time period.
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