Manufacturing Industry
WESTERN WIND SIGNS POWER PACT WITH SOUTHERN CALIFORNIA EDISON.
Industrial Environment, April, 2005
Western Wind Energy (symbol: WND.V) has signed a formal power purchase agreement with the Southern California Edison Company for the procurement by Edison, of up to 120 megawatts of wind powered electrical generation. The agreement is for a period of 20 years.
Due to confidentiality provisions in the agreement, the price per kilowatt hour and capacity factor are to remain confidential however, for the purpose of public disclosure, the gross yearly revenues to the company for this contract, including tax credits, will be between US $24.2 - $28.6 million per year and will have an aggregate value over 20 years, of between US $480 - $560 million.
The location of the wind energy facilities will be the famous Tehachapi Pass Wind Park. Tehachapi Pass is the...
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