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RES and Boralex win 50MW in Ontario LRP I RFP

CTBR Staff Writer Published 11 March 2016

Renewable Energy Systems Canada (RES), as Qualified Applicant, and its partner Boralex have been selected by the Independent Electricity System Operator (IESO) and awarded an LRP I Contract for a wind power project of installed capacity of 50 MW in the highly competitive LRP I RFP process.

The project named "Otter Creek Wind Farm Project", which is situated on private lands in the Municipality of Chatham-Kent, is targeted to reach commercial operation by the end of 2019.

RES and Boralex have also been able to obtain the support of the Walpole Island First Nation for this project and the ownership currently stands as follows in the limited partnership interests: RES - 51%, Boralex - 38.5% and the Walpole Island First Nation - 10.5%.

The partnership is also grateful to have received support from the Municipality of Chatham-Kent which has been granted an option to participate in the project up to 15% of the limited partnership interests following commercial operation.

RES in Canada, development senior vice president Peter Clibbon and Boralex president and CEO Patrick Lemaire said in a joint statement: "We look forward to working together with the Municipality of Chatham-Kent and the Walpole Island First Nation to bring the next generation of renewable energy to the area."

"We are committed to helping Ontario meet its clean energy goals", they added.

The partnership will organize public meetings shortly in the area of the project to further engage with the communities, describe the community benefits and present the latest evolutions of the project.

Source: Company Press Release