TORONTO—October 8, 2013—GE (NYSE: GE) and McLean’s Mountain Wind Limited Partnership today announced that the McLean’s Mountain Wind Farm on Manitoulin Island, Ontario, will be powered by 24 GE 2.85-103 turbines. Located in Lake Huron, Manitoulin Island is the largest freshwater island in the world. The McLean’s Mountain Wind Farm will provide 60 megawatts (MW) of power to the grid. The project is a 50/50 partnership between Northland Power Inc. (TSX: NPI) and Mnidoo Mnising Power (MMP).
“This wind farm will provide renewable energy to Ontario while respecting the environment and creating resources to strengthen the United Chiefs and Councils of Mnidoo Mnising communities. Recognizing the unique topography of Manitoulin island, we ultimately decided that GE’s 2.85-103 model wind turbines were the best fit to meet the project requirements,” said John Brace, CEO of Northland Power, one of Canada’s leading independent power producers.
GE will provide operations and maintenance through a 10-year full service agreement for the McLean’s Mountain Wind Farm. The facility will benefit from around-the-clock remote monitoring and diagnostics through GE’s global wind monitoring center in Schenectady, N.Y., which also will help maximize wind turbine operating performance and life.
“GE is pleased to work with Northland Power and its partner Mnidoo Mnising Power and is committed to supporting the growth of renewable energy in Canada. As of 2013, we have installed 1.8 gigawatts of wind power in Canada, which accounts for 29 percent of Canada’s total installed base. Wind energy can continue to be an important part of Canada’s low-carbon electricity mix, complementing hydro in Quebec, surpassing coal generation in Ontario, diversifying the Alberta grid and helping to meet British Columbia’s increasing energy demands,” said Anne McEntee, president and CEO of GE’s renewable energy business.“
Northland Power (TSX: NPI) is an independent power producer founded in 1987 and publicly traded since 1997. Northland produces 'clean' (natural gas) and 'green' (wind, solar, and hydro) energy, providing sustainable long-term value to shareholders, stakeholders and host communities. The company owns or has a net economic interest in 1,329 MW of operating generating capacity, with an additional 80 MW of generating capacity currently in construction and another 200 MW of wind, solar and run-of-river hydro projects with awarded power contracts. In addition, Northland has acquired the rights to acquire a majority equity stake in Gemini, a 600 MW offshore wind project located 85 kilometers off the coast of the Netherlands in the North Sea. Northland's cash flows are diversified over five geographically separate regions and regulatory jurisdictions in Canada, Europe and the United States.
Northland's common shares, Series 1 and Series 3 preferred shares and convertible debentures trade on the Toronto Stock Exchange under the symbols NPI, NPI.PR.A, NPI.PR.C and NPI.DB.A, respectively.
Mnidoo Mnising Power is a corporation established by the United Chiefs and Councils of Mnidoo Mnising (UCCMM) a tribal council based on and around Manitoulin Island in Ontario, Canada. Its members include M'Chigeeng First Nation, Sheguiandah First Nation, Sheshegwaning First Nation, Aundeck-Omni-Kaning First Nation, Whitefish River First Nation and Zhiibaahaasing First Nation. UCCMM formed Mnidoo Mnising Power to lead renewable energy projects on Manitoulin Island in order to protect First Nations' rights, heritage and ensure the future for First Nations' youth.
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