Vancouver developer Zero Emission Energy Developments (ZED) has reached financial close for a 30MW portfolio of wind farms at two unnamed sites in British Columbia.
InstarAGF Asset Management, a Canadian private equity firm, agreed to provide the funding following a process in which SgurrEnergy acted as its technical advisers.
SgurrEnergy will also undertake construction monitoring services during the works, which will start in the next few weeks.
Both wind farms are expected to start operating by the first quarter of next year with five 3.2MW Senvion turbines at each location.
They will comply with the British Columbia Standing Offer Program, which encourages the development of small clean or renewable electricity projects up to 15MW throughout the province.
“In a province that is dominated by hydro power, it is great to see wind energy projects come to fruition. Having worked on these projects since 2014, the team is delighted to see them achieve financial close and move towards commercial operation,” Matthew Irvine, senior consultant at SgurrEnergy, said.
Image: CanWEA
