Enmax buys Alberta wind farm

Fresh on the heels of announcing the location of a new $1-billion-plus power plant in Calgary, city-owned Enmax Corp. announced Wednesday it has purchased a southern Alberta wind farm for $163 million in debt and equity.

The acquisition from Creststreet Kettles Hill Windpower LP of Toronto will add 63 megawatts (MW) of power to Enmax’s wind energy portfolio, which includes a 50 per cent stake in the 75-MW McBride Lake Wind Farm near Fort Macleod, along with all of Enmax’s 81-MW Taber Wind Farm, opened in October at a cost of $140 million.

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