Vancouver developer branches into green energy
March 16, 2011
By DERRICK PENNER, Vancouver Sun: Vancouver-based developer Concord Pacific has put a $70-million wind farm onto the Saskatchewan electricity grid generating enough electricity to power the equivalent of more than 20,000 of its condominium homes, the company said Tuesday.
The wind farm, named Red Lily I, consists of 16 wind turbines capable of turning out 26.4 megawatts of electricity and is owned by Concord subsidiary Concord Green Energy.
And Concord Pacific CEO Terry Hui said the idea for his firm to get involved in the project is to meet the public’s need for new sources of electricity, particularly for the adoption of electric automobiles, that also help reduce Canada’s burden of greenhouse gases.
“The shift to electric-powered cars will play an important role in changing the profile of our electricity consumption,” Hui said in a news release. Read more