Wpd seeks over USD 75m in compensation for Ontario wind project

German wind project developer Wpd AG calculates that it should receive up to CAD 100 million (USD 75.4m/EUR 64.8m) in compensation for the planned cancellation of the White Pines wind project in Ontario, Canada.

The new conservative government in the Canadian province announced earlier this month that it would introduce urgent legislation to cancel the 18.45-MW, nine-turbine White Pines wind project in Prince Edward County.

Wpd said in a statement on Thursday that the particular wind park is almost completed, with over 95% of the total investment having already been made. The company had awarded a CAD-32-million contract to the equipment manufacturer, spent CAD 23 million of the CAD 25 million required to build infrastructure such as roads, foundations and cables, and incurred some CAD 25 million in planning, structuring, financing and other costs. Additional costs will emerge with the demolition of the wind farm, it said.

CEO Hartmut Broesamle stressed that it makes no economic sense to demolish an almost completed wind farm given that its operation is automated and requires no fuel.

(CAD 1.0 = USD 0.755/EUR 0.648)

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