Oct 16, 2014 - Canadian wind and hydropower producer Bullfrog Power unveiled yesterday “a significant investment” in Oxford Community Energy Co-operative (OCEC), which is involved in an 18-MW wind project in Woodstock.
The investment allowed OCEC to reach 50% of their targeted fundraising on the Gunn’s Hill scheme. Thanks to Bullfrog, the co-operative now has a stake greater than 25% in the project.
The support for Gunn’s Hill came under the Bullfrog Builds Renewable Accelerator programme, whose aim is to provide “critical” financial backing to Canadian renewable energy projects.
The wind project, located within the Township of Norwich in southwestern Ontario, is being developed by green company ProWind Canada and the local community. It was initially planned to have a capacity of 25 MW but was later cut to 18 MW. The wind park will be powered by MM92 1.88 MW machines by Germany-based Senvion, a unit of Indian wind turbine maker Suzlon Energy Ltd (BOM:532667), according to an update on ProWind’s website.
Once up and running the Gunn’s Hill wind farm will produce as much power as some 6,250 households consume, Bullfrog said. The plan also includes access roads construction activities, cabling and maybe an operations and maintenance (O&M) base at the site.