- Press Releases
October 5 (Renewables Now) - Kainaiwa Resources (KRI), a development entity of the Kainai/Blood Tribe in the Canadian province of Alberta, is looking for companies willing to off-take the output of a planned on-Reserve wind project with a capacity of between 200 MW and 300 MW.
In a statement, the tribe said it is ready to open discussions with companies interested in securing power purchase agreements (PPAs) and/or renewable energy credits from the Pe-na-koam project, to be located at the north end of the Kainai/Blood Tribe Reserve.
The tribe teamed up with Indigena Capital LP in 2016 to advance the scheme and last year installed two new meteorological towers to monitor on-site conditions and optimise the design of the project. The partnership with Indigena ensures the creation of jobs and the long-term generation of stable commercial revenues.
"Indigena was able to provide the equity capital necessary for us to move this project forward to the stage where we could attract the right industry developer to partner with us in Pe-na-koam," commented Chief Roy Fox.
According to the announcement, Pe-na-koam will be the first industrial-scale wind farm of its kind on-Reserve in Alberta.