Toronto-based wind energy developer, Ventus Energy Inc, and Metis Energy Corporation, a subsidiary of Metis Development Corporation, recently announced plans to develop a $ 2.5 billion wind farm near Churchill Falls, Labrador.
Through a newly created partnership, Labrador Ventus Limited Partnership, the wind farm will be the largest in Canada with an installed nameplate capacity of 1,000MW. This new generation facility, to be called ‘Height of Land Wind Park’, is expected to produce over 3 terawatt hours of electricity per year. Development plans include a phased construction approach over a three-year period. Pending regulatory approval, construction could begin in 2007. This private-sector solution to energy development will not require any provincial or federal grants or loans in order to proceed. Negotiations of a power purchase agreement to sell the expected annual production are currently under way with potential customers.